TKO Group price target raised to $170 from $135 at UBS

UBS raised the firm’s price target on TKO Group (TKO) to $170 from $135 and keeps a Buy rating on the shares. UBS remains constructive on the shares into 2025, telling investors that TKO has two upcoming media rights renewals that should support an attractive 19% EBITDA compound annual growth rate over 2024-2026, the analyst tells investors in a research note. Beyond the renewals, the firm sees multiple levers to enhance monetization, while the upcoming launch on Netflix (NFLX) expands the WWE’s reach and global popularity.