BOFA analysts will be holding TKO Group price targets after first quarter report
TKO Group Holdings, Inc. (NYSE:TKO) A solid start to 2025 featuring solid performance from the UFC and WWE brands has attracted the attention of Wall Street analysts. On May 26th, BOFA analyst Brent Navon repeatedly rated stock purchases, hiking its price target from $175 to $185. Hiking comes to a company that offers solid results for the first quarter of 2025 that exceed expectations for revenue and adjusted revenue.
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The strength and momentum of the UFC and WWE brands allowed the TKO Group to increase revenue by 4%. WWE increased revenue of $74.8 million to $391.5 million as UFC revenues increased by $46.7 million to $359.7 million. Meanwhile, net income rose to $165.5 million, up $400 million from a net loss of $234.5 million the same quarter.
The price hike at BOFA also involves TKO Group updating its year-round guidance to reflect additions to IMG, location and PBR. The acquisition is expected to strengthen the company’s world-class IPS portfolio. The assets also place the company to exploit the momentum of the growing ecosystem of sports and entertainment.
Additionally, analysts are promoting the company’s remaining strategic position amidst the media rights updates expected when the company is experiencing significant growth at live events. Furthermore, the TKO Group’s sponsorship revenue stream is based on growth trajectories.
TKO Group Holdings Inc. is a sports and entertainment company specializing in combat sports. Own and monetize your intellectual property through media rights, live events, sponsorships and licensing. The company operates UFC and WWE, which generates most of its revenue from media rights, ticket sales and sponsorship.
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Disclosure: None.