Susquehanna Cuts Formula One (FWONK) Price Target to $110

Susquehanna keeps its Positive rating on Formula One Group, lowering the price target to $110, a 22.02% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:19 PM EDT

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Susquehanna cut its price target on Formula One Group ($FWONK) to $110 from $114 on October 16, 2026, and rates the stock "Positive".

FWONK Formula One Group

$90.81 -7.37% year to date

Daily close · Oct 16, 2026

Key Points

Susquehanna has reiterated its Positive rating on Formula One Group, setting a target price of $110, down from $114.
The stock is currently trading around $90.15, which suggests a potential upside.
The consensus target price among analysts is $119.82, with 17 analysts providing opinions.

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Formula One Group (FWONK), listed on NasdaqGS, has received a Positive rating from Susquehanna as of October 16, 2026. The firm has set a price target of $110, lowered from a previous target of $114. Currently, shares of Formula One are trading at $90.15, indicating a potential upside as analysts see value in the stock.

Analyst rating track record

Susquehanna vs. the S&P 500

YTD return -12.50% hypothetical

All-time return -12.50% S&P 500 +0.95%

vs. S&P 500 -13.45% behind the index

Hypothetical returns from Susquehanna's disclosed trades, not real profit or advice. How we model this.

Susquehanna's Call on Formula One Group

Susquehanna maintains a Positive rating on Formula One Group, reflecting its confidence in the company’s growth prospects. With the new target set at $110, the shares are currently trading significantly below this mark, suggesting that there may be room for growth in the coming months.

Other Institutional Activity in Formula One Group

Several other institutional investors have made movements in Formula One Group's stock. Blackrock Inc. trimmed its holdings by 93,761 shares, now holding 13,900,445 shares valued at about $1.25 billion. Vanguard Capital Management LLC reduced its stake by 282,964 shares, bringing its total to 9,751,215 shares worth approximately $877 million. In contrast, Jupiter Topco LLC grew its holdings by 4,533,006 shares to reach 9,066,013 shares valued at around $815 million, indicating a strong commitment to the company's potential.

Formula One Group Stock Down 4.6%

As of the publication date, Formula One Group shares are priced at $90.15, which is near the 52-week low of $80.15. This stock has seen a significant range in the past year, peaking at $109.36, making the current price appealing to potential investors.

12-month forecast

$FWONK price target

Formula One Group daily closes and this analyst's $110 target. Not advice.

Recent Earnings

In its last earnings report, Formula One Group posted revenue of approximately $4.02 billion, reflecting a growth rate of 18.3%. The company recorded earnings per share (EPS) of $0.81 and has a net margin of about 5.5%. Its next earnings report is expected on November 5, 2026.

Insider Buying and Selling at Formula One Group

There have been notable insider sales at Formula One Group. Officer Wilm Renee L. sold 11,597 shares on June 15, 2026, at an average price of $90.09, totaling about $1,044,774. Director Carey Charles Gordon also executed multiple sales, totaling 167,036 shares with a value of around $16.1 million on December 17, 2025.

Analysts Set New Price Targets

On October 16, 2026, Susquehanna maintained its Positive rating for Formula One Group, adjusting the price target to $110. Previously, Wells Fargo also maintained a rating of Equal-Weight with a target of $96 on September 29, 2026. The consensus from 17 analysts for the average target price stands at $119.82, suggesting a bullish outlook on the stock.

About Formula One Group

Formula One Group is involved in the motorsports business and holds the commercial rights for the FIA Formula One World Championship. This annual competition features teams racing for the Constructors' championship while drivers compete for the Drivers' championship. The company is headquartered in Englewood, Colorado, and operates internationally, reflecting its strong global presence.

Bottom Line

Investors should watch for the upcoming earnings report on November 5, 2026, as it may provide more insights into the company's performance. The reiteration of the Positive rating by Susquehanna reflects confidence in Formula One's future, although the lower price target indicates some caution. As always, the 13F filings offer a view into past holdings, which may not reflect the current market position.