TKO Group price target lowered to $240 from $250 at Bernstein

Bernstein analyst Ian Moore lowered the firm’s price target on TKO Group (TKO) to $240 from $250 and keeps an Outperform rating on the shares. The firm says that in recent weeks, the debate around TKO has ranged from near-term operational risks to potential headwinds five-plus years in the future. Against this backdrop, however, UFC engagement growth has continued to exceed Bernstein’s expectations through the early months of the Paramount+ deal, and the firm believes WWE momentum drove a strong Q1. With the stock near six-month lows, this constructive fundamental picture underpins Bernstein’s view that the current share price represents a buying opportunity.