TKO Group Holdings (TKO) PT Raised to $138 at Goldman Sachs

Goldman Sachs analyst Stephen Laszczyk raised the price target on TKO Group Holdings (NYSE: TKO) to $138.00 (from $132.00) while maintaining a Buy rating.

The analyst comments "We reiterate our Buy rating and raise our Price Target to $138 ($132 prior) on shares of TKO Group heading into 3Q24 results (likely in early November) that we believe will highlight continued momentum across TKO's Live Events & Sponsorship businesses as well as execution against cost synergy opportunities. While we expect 3Q24 results will come in slightly below consensus, we see upside to consensus for 2024 and see opportunity for TKO to increase its annual guidance range for Revenue & Adjusted EBITDA with results."

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