In a report released today, David Joyce from Seaport Global upgraded TKO Group Holdings to a Buy, with a price target of $214.00.
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David Joyce has given his Buy rating due to a combination of factors that suggest promising growth prospects for TKO Group Holdings. One of the key reasons for this upgrade is the company’s strategic initiatives in the boxing sector, which are expected to yield significant media rights monetization starting in 2026, particularly through partnerships with Paramount Skydance. Additionally, the company is poised to benefit from the expansion of UFC rights, which is anticipated to more than double, further enhancing its revenue streams.
Moreover, Joyce is optimistic about TKO’s potential for executional growth, particularly in areas such as site license fees, sponsorships, and multisport market expansions. Despite some challenges with timing-related comparisons in the third quarter, the analyst sees strong underlying consumer demand and spending as supportive of the company’s future performance. This positive outlook is partly based on anecdotal evidence and data, although the latter is somewhat delayed due to external factors like the government shutdown.
Joyce covers the Communication Services sector, focusing on stocks such as Paramount Skydance, TKO Group Holdings, and Netflix. According to TipRanks, Joyce has an average return of 13.4% and a 63.41% success rate on recommended stocks.
In another report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $210.00 price target.