FMP
Feb 12, 2024 1:18 PM - Davit Kirakosyan
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.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...