Goldman Sachs keeps a Buy rating and $132 price target on TKO Group following the company’s presentation at the Communacopia & Technology conference. The firm’s takeaway from its discussion with the company COO indiated that demand for sports rights remains very strong both across the broader media landscape and for TKO’s UFC and WWE propertie, the analyst tells investors in a research note. The company also reiterated its expectation to surpass $100M in net cost synergies and generate significant margin expansion in the coming years, the firm added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TKO:
- U.S. Open agreement ‘incrementally positive’ for TKO Group, says Citi
- TKO Group price target raised to $137 from $130 at Citi
- Netflix Stock (NASDAQ:NFLX) Hits New High after 150% Ad Sales Jump
- Vornado upgraded, JPMorgan downgraded: Wall Street’s top analyst calls
- TKO Group resumed with a Buy at BofA