Citi Raises TKO Group Holdings PT to $225, Maintains Buy Rating

Citi Raises TKO Group Holdings PT to $225, Maintains Buy Rating

In a recent update, Citigroup (Citi) has raised its price target for TKO Group Holdings (TKO) to $225, while maintaining its Buy rating on the stock. This move follows a strong performance by the company and a strategic media deal with ESPN.

According to TipRanks [1], Citi's analyst Jason Bazinet reiterated his Buy rating on TKO, raising the price target to $225 from the previous $200. The new target represents a 17.63% upside from the current stock price of $191.28. Bazinet's forecast is one of the highest among the 15 analysts covering TKO, with an average price target of $202.23 over the past three months.

The upgrade comes amid robust growth and strategic media deals, which have bolstered investor confidence in the company's future prospects. Analysts at other firms, such as Guggenheim, Morgan Stanley, and Jefferies, have also maintained their Buy ratings on TKO, further underscoring the positive sentiment surrounding the stock.

TKO Group Holdings has consistently outperformed its industry peers in terms of earnings and sales estimates over the past year. The company beat its earnings per share (EPS) estimate 75% of the time in the past 12 months, while its overall industry beat the EPS estimate 52.88% of the time. Similarly, TKO beat its sales estimates 100% of the time in the past 12 months, compared to 58.06% for its industry.

Despite the positive outlook, investors should remain vigilant and conduct thorough due diligence before making any investment decisions. The stock market is subject to various risks, and individual financial circumstances may vary.

References:
[1] https://www.tipranks.com/stocks/tko/forecast