It seems you just can’t keep a company under intense scrutiny for invading people’s privacy down. For News Corp., things have never been better, as stocks hit a 52-week high during the first trading session of 2012 on Tuesday. According to The Hollywood Reporter, at market close, Class A shares of News Corp. were at $18.35, the highest they had been since early last spring.
That’s not all. Traders are predicting big things for the company, which now has a market value of about $32 billion. ”I think there’s more upside as we have a short-term $20 target, long-term $23 target,” David Joyce, a Miller Tabak analyst, told the THR. Another expert stated that News Corp. was the “top pick,” among media companies in 2012.
No matter what.