TKO Group price target raised to $165 from $145 at Pivotal Research

Pivotal Research raised the firm’s price target on TKO Group (TKO) to $165 from $145 and keeps a Buy rating on the shares. The firm says that following a “very successful” UFC 309 and Netflix’s (NFLX) “record breaking” Tyson/Paul boxing event, it is raising its year-end 2025 target price to a Street-high $165 for TKO. Pivot is increasingly confident view that TKO will generate “very healthy” increases in rights fees as media companies try to defend their core business and new media looks to further take share of TV advertising dollars, the analyst tells investors in a research note.