WWE Stock Given $100 PT by Morgan Stanley

4 years ago by WrestleTalk

WWE Stock Given $100 PT by Morgan Stanley

Another day, another research firm upgrades WWE‘s stock.

Morgan Stanley announced today that it has a $100 PT on the stock, again citing future prospects as well as deals with NBCUniversal and Fox. WWE stock was up 3.9% on the upgrade.

“To some extent, the match is over as WWE is likely the fastest growing earnings story,” analyst Benjamin Swinburne wrote in a note to investors. He expects adjusted OIBDA to get to $500M in 2021, up from $130M last year.

WWE stock has had an amazing year, up 143.75% YTD. WWE stock is currently trading at $76.64.

Analyst Summary

BTIG raised its price target to $92 just last week.

I have a price target of $82. 

Wells Fargo has a price target of $78.

KeyBank Capital has a price target of $71.

WWE’s next earnings report is currently scheduled for July 26.

 

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