News Corp has provided an update on its $1 billion stock repurchase program, initially authorized in July 2025. The program targets Nasdaq-listed Class A and Class B common shares to enhance shareholder value, with Goldman Sachs & Co. LLC facilitating the repurchases. While an analyst has rated NWSA as a “Buy” with a $24.50 price target, TipRanks’ AI Analyst, Spark, considers it “Neutral” due to strong fundamentals and a positive earnings outlook being tempered by weak technicals and a relatively expensive valuation.
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News Corp updates $1B share repurchase authorization details
News Corp has provided an update on its $1 billion stock repurchase program, initially authorized in July 2025. The program targets Nasdaq-listed Class A and Class B common shares to enhance shareholder value, with Goldman Sachs & Co. LLC facilitating the repurchases. While an analyst has rated NWSA as a “Buy” with a $24.50 price target, TipRanks’ AI Analyst, Spark, considers it “Neutral” due to strong fundamentals and a positive earnings outlook being tempered by weak technicals and a relatively expensive valuation.