# Bank of America Raises Fox Corporation Target to $85 After Upgrade

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/33483
Published: 2026-10-16T20:56:41.000Z
Updated: 2026-10-16T20:56:41.000Z
Section: Business

> The price objective rose from $54. Fox shares gained about 3.3% in premarket trading Friday, Oct. 16.

Bank of America moved Fox Corporation (FOXA) from Underperform to Buy and set an $85 price objective, a $31 increase, as expected synergies from the pending Roku deal drove the change.

The new objective is $31 above the previous one. Fox shares rose about 3.3% in premarket trading Friday, Oct. 16.

The Roku deal remains pending. The expected synergies from the deal were the stated rationale for the rating change.