In a report released today, Lance Vitanza from TD Cowen reiterated a Buy rating on TKO Group Holdings, with a price target of $220.00.
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Lance Vitanza has given his Buy rating due to a combination of factors that suggest a promising future for TKO Group Holdings. The company recently reported a strong quarter, and Vitanza anticipates even better performance ahead as market expectations rise and the positive sentiment around the recent ESPN-WWE PLE deal grows.
Additionally, Vitanza views the updated guidance as potentially conservative, with several content-driven catalysts expected in the coming months. TKO’s impressive revenue and EBITDA growth, despite hosting fewer total events, indicates improved monetization of its content, further supporting the Buy rating and a high price target.
In another report released today, Roth MKM also assigned a Buy rating to the stock with a $208.00 price target.
Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TKO in relation to earlier this year.