TKO Group price target raised to $148 from $146 at Roth MKM

Roth MKM analyst Eric Handler raised the firm’s price target on TKO Group to $148 from $146 and keeps a Buy rating on the shares ahead of its Q3 results next month. The company is positioned for another earnings beat and raised guidance as it has done a good job throughout this year in managing expectations, delivering on its stated goals, and steadily raising its forecast, the analyst tells investors in a research note. The recent site fee contracts and sponsorship agreements, along with upcoming TV rights deals, position TKO well for accelerating growth in each of the next two years, the firm added.