Seaport Research upgraded TKO Group (TKO) to Buy from Neutral with a $214 price target. The firm is turning more constructive after the shares pulled back in recent weeks, the analyst tells investors in a research note. Seaport adds that it is looking beyond some timing-related challenges in Q3 and believes the company will see “executional growth ahead” thanks to site license fees, sponsorships, and multisport market ‘takeovers’ while anticipating the Boxing infrastructure initiative to yield tangible media rights monetization commencing in 2026 with Paramount Skydance (PSKY).
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Read More on TKO:
- Promising Growth Prospects for TKO Group Holdings: Strategic Initiatives and Expanding Media Rights
- TKO Group upgraded to Buy from Neutral at Seaport Research
- Buy Rating for TKO Group Holdings Driven by Strong Performance, Strategic Initiatives, and Future Growth Potential
- TKO Group initiated with a Buy at BTIG
- TKO Group price target raised to $230 from $190 at Bernstein