Bernstein raised the firm’s price target on TKO Group (TKO) to $250 from $230 and keeps an Outperform rating on the shares. The firm moderates its 2026 revenue estimates on Milan-Cortina operational headwinds and UFC White House net of an expected $50M-plus Royal Rumble site fee in Q1. Bernstein raises its longer term estimates on Zuffa potential and anticipated UFC gate, site fee, and partnerships uplift driven by the White House event.
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