TKO Group Holdings (TKO) PT Raised to $250 at BTIG

BTIG analyst Tyler DiMatteo raised the price target on TKO Group Holdings (NYSE: TKO) to $250.00 (from $235.00) while maintaining a Buy rating.

The analyst comments "2025 was a very strong year for TKO with milestones including the signing of major media rights deals for the UFC and WWE, noteworthy acceleration in partnerships/sponsorships revenue, acquisition closing of IMG, and a focus on shareholder returns via buybacks + dividends. The stock is on pace to finish the year up nearly 75% with improvements in fundamentals and multiple rerating. We are increasing our PT to $250 from $235 as we think there is additional upside from here despite the strong move in the stock as the narrative and story remain favorable in our view. Where could we be wrong, and what are the risks? In our view if 2026 guidance comes in below Street at 37.4%, this could prove a brief headwind to the stock nearterm as the company has alluded to the White House fight as essentially a branding/ marketing event with very minimal revenue contribution (essentially an operating cost center event) as one example. However, this doesn't necessarily change the mediumterm fundamental backdrop as it's really a one-off event in our view (the White House fight is for the 250th birthday of the US). As a result, we think the stock could be volatile the next few months given the strong move over the past few weeks while investors anchor to 2026 guidance on the 4Q25 earnings call. Our estimates remain unchanged, and we are comfortable assigning higher multiples due to consumer live entertainment spending expectations in 2026 (See: 2026 Outlook - Digital Media and Live Entertainment) and the potential for 100s of bp of margin expansion next year. We maintain our Buy rating and increase our PT to $250."

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