Goldman Sachs raised the firm’s price target on TKO Group to $138 from $132 and keeps a Buy rating on the shares ahead of its Q3 results. The company’s quarter is expected to highlight continued momentum across its Live Events & Sponsorship businesses as well as execution against cost synergy opportunities, the analyst tells investors in a research note. The firm also sees upside to consensus for 2024 as well as an opportunity for TKO to increase the mid-point of its annual guidance range for revenue & Adjusted EBITDA with results.
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