WWE Stock Given $92 PT by BTIG Research

4 years ago by WrestleTalk

WWE Stock Given $92 PT by BTIG Research

WWE stock has had an amazing year, up 141.87% YTD after deals with NBCUniversal and Fox.

WWE stock is currently trading at $74.22.

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

BTIG research points to international prospects as the primary catalyst that could lead to similar deal breakthroughs in the UK and India. BTIG’s target implies a 20% upside from the current price.

Analysts have been trying to update their coverage of the stock which doesn’t show any signs of slowing down in recent weeks. I initiated coverage on the stock on May 25 with a 12-month price target of $65 and subsequently updated my price target to $82 weeks later. 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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