TKO Group Holdings (TKO) saw its stock price surge 5.07% during intraday trading on Thursday, reflecting strong positive momentum.
The significant price movement appears to be driven by a series of analyst upgrades and price target increases. Multiple financial institutions raised their outlook on the company, with Morgan Stanley increasing its price target to $215 from $210, Bofa Global Research raising its objective to $225 from $210, and UBS lifting its target to $238 from $235.
Additional bullish sentiment came from Guggenheim, which adjusted its price target to $232 from $225 while maintaining a Buy rating, and Moffettnathanson, which raised its target by $8 to $190. Analysts have expressed optimism about TKO Group Holdings, with the company receiving an average rating of overweight and a mean price target of $231.68 according to FactSet data.