tiprankstipranks
Trending News
More News >

TKO Group price target raised to $185 from $175 at BofA

BofA analyst Brent Navon raised the firm’s price target on TKO Group (TKO) to $185 from $175 and keeps a Buy rating on the shares. The company reported strong Q1 results, which included the recently acquired Endeavor assets, that beat revenue and adjusted EBITDA forecasts for both UFC and WWE, the analyst tells investors in a research note. The firm remains encouraged by the longer-term trajectory of fundamentals, saying TKO appears well positioned for its upcoming media rights renewals while additional drivers in live events and sponsorship revenues “appear to have a long runway for future growth.”

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue