BofA Analyst Hikes TKO Group Holdings Price Target After Q1 Report

From Yahoo Finance: 2025-05-27 13:34:00

TKO Group Holdings, Inc.’s solid Q1 performance led BofA analyst Brent Navon to raise their price target to $185 from $175. Revenue increased by 4% to $1.26 billion, with WWE and UFC brands driving growth. Net income rose by $400 million to $165.5 million. TKO Group updated full-year guidance after acquiring IMG, On Location, and PBR.

The acquisitions are expected to strengthen TKO Group’s portfolio of IPs and capitalize on the growing sports and entertainment ecosystem. Analysts highlight the company’s strategic position amid media rights renewals and sponsorship revenue growth. TKO Group specializes in combat sports, operating UFC and WWE and monetizing IPs through various channels.

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