8 Best Communication Stocks To Buy According to Analysts

3. News Corporation (NASDAQ:NWSA)

Average Price Target Upside: 34.27%

Number of Hedge Fund Holders: 41

News Corporation (NASDAQ:NWSA) is a global media and information services company that provides a range of content and products through well-known brands like The Wall Street Journal, Barron’s, The Australian, and HarperCollins Publishers. The company operates in multiple sectors, including digital real estate, subscription video services, news, book publishing, and sports. It is one of the best communication stocks to buy according to analysts.

It distributes its content across multiple platforms, including websites, mobile apps, smart TVs, social media, and traditional media such as print, TV, and radio. The company focuses on high-quality content and innovation, using digital tools to offer personalized services and monetize its content through subscriptions, advertising, and licensing.

The company released its fiscal fourth quarter and FY 2024 earnings in August. News Corporation (NASDAQ:NWSA) reported that despite challenges from high interest rates, fiscal 2024 was its second-best year, with an 8% rise in profitability to $1.54 billion. At the earnings call, CEO Robert Thomson noted the company’s growth in areas like book publishing, Digital Real Estate Services, and Dow Jones. A key focus was the company’s partnership with OpenAI, which aims to shape the future of journalism through AI and emotional intelligence.

The company is still reviewing its strategic options including potential moves involving Foxtel, which has seen significant subscriber growth. Other segments also performed well, such as Dow Jones, which saw strong B2B growth, and HarperCollins, which had a 250% increase in sector EBITDA.

News Corporation (NASDAQ:NWSA) expects growth across its segments in fiscal 2025, with a continued focus on digital real estate and subscription services. It plans to improve revenue from complementary businesses and digital offerings.