WWE’s TV rights renewal to serve as next catalyst, says Loop Capital

Loop Capital keeps a Buy rating and $105 price target on WWE (WWE) after its announced Endeavor Group (EDR) acquisition. The combination creates a powerful sports rights company that is attractively valued at 11-to 12-times expected 2025 EBITDA estimate, which is the first full year to reflect the new WWE US TV rights, the analyst tells investors in a research note. UFC’s U.S. TV rights are then up for renewal the following year, which should lead to another step function increase in profitability, Loop Capital added.