In a report released today, David Joyce from Seaport Global maintained a Buy rating on TKO Group Holdings (TKO – Research Report), with a price target of $103.00. The company’s shares closed yesterday at $98.27.
Joyce covers the Communication Services sector, focusing on stocks such as Paramount Global Class B, Live Nation Entertainment, and TKO Group Holdings. According to TipRanks, Joyce has an average return of -0.2% and a 51.11% success rate on recommended stocks.
TKO Group Holdings has an analyst consensus of Strong Buy, with a price target consensus of $106.22, implying an 8.09% upside from current levels. In a report released today, Jefferies also assigned a Buy rating to the stock with a $131.00 price target.
TKO market cap is currently $16.74B and has a P/E ratio of 146.39.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is neutral on the stock.
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TKO Group Holdings (TKO) Company Description:
World Wrestling Entertainment, Inc. engages in the development, production and marketing of television and pay-per-view event programming and live events and the licensing and sale of consumer products featuring its brands. It operates through the following business segments: Digital Media, Live Events, Consumer Products Division, WWE Studios, and Corporate & Other. The Digital Media segment revenues consist principally of subscriptions to WWE Network, fees for viewing its pay-per-view and video-on-demand programming, and advertising fees. The Live Events segment revenues consist principally of ticket sales and travel packages for live events. The Consumer Products segment revenues consist principally of royalties or license fees related to various WWE themed products such as video games, toys and apparel. The WWE Studios segment revenues consist of amounts earned from the investing in producing and/or distributing of filmed entertainment. The Corporate & Other segment revenues consist of amounts earned from the investing in producing and/or distributing of filmed entertainment. The company was founded by Vincent K. McMahon in 1980 and is headquartered in Stamford, CT.
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