Last Updated: 10 Nov 2024
Executive Summary
TKO Group Holdings, Inc. (TKO) is a sports and entertainment company with a market capitalization of $9.75 billion. The company has been experiencing strong revenue growth, with quarterly revenue increasing by 51.7% year-over-year. However, the company is still unprofitable, with a trailing EPS of -$0.44. Analysts are bullish on the company, with 7 strong buy ratings and 8 buy ratings. The consensus analyst target price is $134.31, implying a potential upside of 11.8%.
Company Overview
TKO Group Holdings, Inc. is a sports and entertainment company that owns and operates a portfolio of sports teams, venues, and media properties. The company's sports teams include the New York Knicks (NBA), the New York Rangers (NHL), and the New York Liberty (WNBA). The company's venues include Madison Square Garden and Radio City Music Hall. The company's media properties include MSG Network and MSG Sportsnet.
Fundamental Analysis
TKO Group Holdings, Inc. has been experiencing strong revenue growth, with quarterly revenue increasing by 51.7% year-over-year. This growth has been driven by increased ticket sales, merchandise sales, and media revenue. However, the company is still unprofitable, with a trailing EPS of -$0.44. This is due to the company's high operating costs, which include player salaries, venue expenses, and marketing costs.
The company's balance sheet is strong, with $1.5 billion in cash and equivalents and $1.1 billion in debt. The company's debt-to-equity ratio is 0.73, which is considered to be a manageable level of debt.
Technical Analysis
The technical analysis of TKO Group Holdings, Inc. is mixed. The stock price is currently trading above its 50-day moving average but below its 200-day moving average. The relative strength index (RSI) is currently at 52, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
The short-term outlook for TKO Group Holdings, Inc. is mixed. The company is expected to continue to experience strong revenue growth, but it is still unprofitable. The stock price is likely to fluctuate in the short term, but it could continue to trend higher if the company can continue to grow its revenue and improve its profitability.
Long Term Outlook
The long-term outlook for TKO Group Holdings, Inc. is positive. The company is a leader in the sports and entertainment industry, and it has a strong portfolio of assets. The company is also expected to benefit from the continued growth of the sports and entertainment industry.
Analyst Recommendations
Analysts are bullish on TKO Group Holdings, Inc. The consensus analyst target price is $134.31, implying a potential upside of 11.8%. Seven analysts have a strong buy rating on the stock, and eight analysts have a buy rating. Only three analysts have a hold rating on the stock, and no analysts have a sell or strong sell rating.
