Goldman Sachs initiated coverage of TKO Group with a Buy rating and $102 price target. The firm believes that TKO is well-positioned, through the recent combination of the UFC and WWE, to achieve high-single-digit annualized growth in revenue and low-double-digit annualized growth in adjusted EBITDA.
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- TKO Group sees FY24 revenue $2.575B-$2.65B, consensus $2.79B