10 Best Stocks That Recently Issued New Debt

7. Formula One Group (NASDAQ:FWONK)

Formula One Group (NASDAQ:FWONK) is one of the 10 best stocks that recently issued new debt.

As of the March 26 closing, Formula One Group (NASDAQ:FWONK) carried a strongly bullish sentiment. The stock received coverage from 8 analysts, 6 of whom assigned Buy ratings and 2 gave Hold calls. With no Sell rating, it has a projected median 1-year price target of $116.13, resulting in an upside potential of more than 42%.

On March 13, Nate Saunders of ESPN reported that Formula 1 is expected to cancel its April races in Bahrain and Saudi Arabia due to the ongoing Iran conflict. The report cited logistical challenges around freight timelines, making a decision urgent. It added that the races are unlikely to be replaced, leaving a gap in the schedule.

Earlier on March 3, Salesforce Inc. (NYSE: CRM) and Formula One Group (NASDAQ:FWONK) announced the launch of a new fan companion agent to increase reach and personalize the experience for F1’s 827 million fans worldwide.

The agent was created as part of the extended partnership agreement between Salesforce and Formula One. The agent will be available on F1.com initially and will serve as an educational resource to teach fans about the new 2026 regulations.

Formula One Group (NASDAQ:FWONK) operates in the motorsports business, through its subsidiaries, across the U.S. and the United Kingdom. They have the commercial rights for the FIA Formula One World Championship and are also responsible for its promotion. Other services they offer include ticketing, hospitality packages, licensing, and television production.