BTIG raised the firm’s price target on TKO Group (TKO) to $250 from $235 and keeps a Buy rating on the shares. The firm sees additional upside in the shares despite the nearly 75% rally in 2025. TKO’s sports and live entertainment businesses should be strong in 2026, the analyst tells investors in a research note. BTIG believes the stock’s “narrative and story remain favorable” heading into next year. However, the stock could be volatile in the next few months given the rally over the past few weeks while investors “anchor to 2026 guidance” on the Q4 earnings call, adds the firm.
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