Given the uncertainty from potential negative returns, it might be time to de-risk your portfolio. The stock's fair value and negative growth outlook increase the risk of holding it.

Formula One Group's profitability could indicate rapid earnings growth and justify strong share price gains. Despite recent sell-off, if data suggests long term growth, it could be a worthy opportunity. However, investors should note one warning sign.

SUMMARY
We’re updating our model for Liberty Formula One, incorporating scheduling changes and extending our estimates to 2025. Below we walk through our forecasts and highlight potential catalysts. Given inbound questions, we also provide our view on the current F1 product, and read-through to sentiment and long-term financials. Overall, we remain Overweight on FWONK, seeing high visibility into str...

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