UBS analyst Ryan Gravett has maintained their bullish stance on TKO stock, giving a Buy rating yesterday.
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Ryan Gravett has given his Buy rating due to a combination of factors that highlight TKO Group Holdings’ strategic initiatives and growth potential. The company is focusing on executing key media deals for UFC and WWE, which are expected to enhance reach and remove barriers like the PPV paywall. This expansion is complemented by plans to host numerous international events, which could drive significant advertiser interest and revenue growth.
Additionally, the launch of Zuffa Boxing and its associated management fees and equity interests present new revenue opportunities. The strong pipeline in Partnerships and Marketing, with expectations to generate substantial revenue by 2030, further supports the positive outlook. Management’s confidence in maintaining robust EBITDA margins and cash flow conversion, along with a prudent approach to capital allocation, reinforces the Buy rating.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $223.00 price target.
TKO’s price has also changed moderately for the past six months – from $163.330 to $197.110, which is a 20.68% increase.