TD Cowen raised the firm’s price target on TKO Group (TKO) to $220 from $200 and keeps a Buy rating on the shares. The firm said as it integrates recently acquired assets, they expect elevated earnings and cash flow growth for the foreseeable future while noting TKO trades at a substantial discount to its closest comp, despite an equal-to-better growth profile over near, medium, and longer terms.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TKO:
- Buy Rating for TKO Group Holdings: Anticipated Growth and Strategic Acquisitions Drive Positive Outlook
- Soros buys JPMorgan, exits Alibaba in Q1
- Hold Rating for TKO Group Holdings Amid Strategic and Governance Concerns
- TKO Group price target raised to $173 from $164 at Seaport Research
- TKO Group’s Earnings Call Highlights Record Growth
