WWE price target raised to $95 from $86 at Benchmark

Benchmark analyst Mike Hickey raised the firm’s price target on WWE to $95 from $86 and keeps a Buy rating on the shares based on strong results in Q4, expected upside through FY23, and a step-up growth opportunity in FY24-FY25 from the domestic rights fees negotiation. The firm also sees an emerging acquisition premium, arguing that the company’s current process to explore alternatives "could conclude in the sale of WWE for $105 per share."