Morgan Stanley Lowers its Price Target on News Corporation (NWS) to $32.40 and Maintains an Overweight Rating

News Corporation (NASDAQ:NWS) is among the 11 Best Entertainment Stocks to Buy According to Wall Street.

Morgan Stanley Lowers its Price Target on News Corporation (NWS) to $32.40 and Maintains an Overweight Rating

On February 6, 2026, Morgan Stanley lowered its price target on News Corporation (NASDAQ:NWS) to $32.40 from $38 previously and maintained an Overweight rating, updating estimates after first-half fiscal 2026 results. Morgan Stanley has noted that there is no change to its “fundamental positive thesis.”

Citi also lowered its price target on News Corporation (NASDAQ:NWS) to $39 from $40 previously and kept a Buy rating on the shares.

News Corporation (NASDAQ:NWS) reported second-quarter revenue of $2.36 billion on February 5, 2026, above the $2.3 billion consensus estimate. CEO Robert Thomson said the company delivered “excellent second quarter results,” with revenue up 6% and profitability rising 9% year over year. He pointed to sustained growth at Dow Jones and Digital Real Estate Services, both of which achieved double-digit profit growth, along with record digital advertising revenue and Segment EBITDA margins nearing 30%. Thomson also highlighted the company’s expanded partnership with Bloomberg to include AI rights for Dow Jones content and said the company continued executing on its buyback program at a pace more than four times the prior rate.

News Corporation (NASDAQ:NWS) is a media and information services company operating across Digital Real Estate Services, Dow Jones, Book Publishing, News Media, and Other segments.

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