FMP
TKO Holdings Started With a Buy Rating at Jefferies
Feb 12, 2024 1:18 PM - Davit Kirakosyan
Image credit: FMP
Jefferies analysts started covering TKO Group Holdings (NYSE:TKO), assigning a Buy rating and a target price of $120, suggesting a potential 40% increase from TKO’s closing price on Friday.
TKO Holdings emerged from the merger of the Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE) in September 2023, a deal valued at $21.4 billion, creating a major entity in fighting sports and entertainment. The company was subsequently listed on the New York Stock Exchange.
Jefferies anticipates that the unified operation of these entities will drive significant revenue growth (approximately low double digits on average) and EBITDA growth (high teens percentage on average). They cite potential from rights renewals, synergistic benefits including improved gate performance, fan base cross-pollination, sponsorships, and cost savings of around $100 million annually.
Highlighting the UFC as a top-tier entertainment asset, the analysts argue that TKO Holdings is primed for strong growth and impressive margin expansion.
Other Blogs
Nov 8, 2024 5:30 AM - Sanzhi Kobzhan
Understanding Equity Valuation: When to Use DCF, DDM, and Price-Income (Multiplicators) Models
When it comes to investing in stocks, one of the key decisions an investor must make involves determining the intrinsic value of a company's shares. Equity valuation isn't just about numbers, it's an art mixed with science, aiming to predict future performance based on current and historical data. H...
Nov 22, 2024 5:08 AM - Parth Sanghvi
Fundamental Analysis: Principles, Types, and How to Use It
Fundamental analysis is one of the most essential tools for investors and analysts alike, helping them assess the intrinsic value of a stock, company, or even an entire market. It focuses on the financial health and economic position of a company, often using key data such as earnings, expenses, ass...
Dec 17, 2024 8:58 AM - Sanzhi Kobzhan
Examining Tesla’s Financial Health Using FinancialModelingPrep’s Ratios API
Tesla, one of the world’s most talked-about electric vehicle manufacturers, attracts a lot of attention from investors and market watchers. By examining a snapshot of Tesla’s financial ratios—such as those provided by FinancialModelingPrep’s Ratios API—we can get a clearer picture of the company’s f...
