TKO Group price target raised to $200 from $145 at TD Cowen

TD Cowen analyst Lance Vitanza raised the firm’s price target on TKO Group (TKO) to $200 from $145 and keeps a Buy rating on the shares. The stock sold off post the Q4 results due to a weaker than expected forecast for fiscal 2025, driven by a “surprise timing shift” in WWE’s Saudi Arabia premium live events, the analyst tells investors in a research note. However, TD believes the “point is moot” given strong underlying trends across all TKO’s properties, ongoing UFC domestic distribution rights renegotiation, and eventual inclusion of the recently acquired IMG. The post-earnings selloff brings a “particularly attractive opportunity,” contends TD.