Are you interested in TKO Group Holdings stock? This article contains a step-by-step details that will guide your investment decision.
What is TKO Stock?
TKO Stock is a financial instrument of TKO Group Holdings Inc., a new company that merged together World Wrestling Entertainment (WWE) and UFC under its umbrella.
The new company was set-up after Endeavor Group Holdings closed its deal for merger of WWE and UFC. Consequently, Endeavor Group still trades its own shares separately and with a 51% controlling interest in TKO leaving the WWE shareholders getting 49%.
Is TKO Stock Publicly Traded?
Both Endeavor Group and WWE were publicly traded prior to the merger.
Now, the new company started trading shares on the New York Stock Exchange on Tuesday, September 12 2023, under the ticker symbol ‘TKO” with $102 initial public offering (IPO).
TKO currently has 83.16M shares outstanding with market capitalization of about $8.5 billion.
Is TKO Stock a Good Buy Now?
At the moment, the TKO stock is new to the market and holds a buy signal.
The consensus among 2 Wall Street analysts covering (NYSE: TKO) stock is a strong Buy. Out of 3 analysts, 2 (66.67%) are recommending TKO as a Strong Buy, 1 (33.33%) recommending TKO as a Buy, 0 (0%) recommending TKO as a Hold, 0 (0%)recommending TKO as a Sell, and 0 (0%) are recommending TKO as a Strong Sell.
TKO stock has received a consensus rating of a buy from 11 Penworldgurus Analysts. 9(81.8%) recommending TKO as a strong buy, 2(18.2%) recommending a buy, 0(0.00%) recommending TKO as a hold, and 0(0%) going for a sell.
Does TKO Pay Dividend?
TKO Group Holdings, the new publicly traded entity has declared a one-time dividend of $3.86 per share payable to shareholders of record on September 29. This means a registered shareholder is entitled to dividend.
How You Can Buy TKO Stock
You can buy TKO in the New York Stock Exchange through an online brokerage firm. To do this, you must follow the steps below:
Step 1: Figure out a Brokerage
You will need a brokerage account in order to access the NYSE market and buy TKO shares. We recommend eToro stock brokerage platform since you can trade through it with zero commissions.
Step 2: Open Your Brokerage Account
You need to sign up for a brokerage account. This serves as your trading account. You must complete an application with your details and follow other procedures required by your broker.
Step 3: Put Funds into your Brokerage Account
Pay minimum deposit into the account in USD or you deposit sufficient money to your account so that you can trade without hitch. Select your payment method and add your information. Ensure your payment detail is correct before you make such transfer using appropriate payment means.
Step 4: Research TKO Group Holding Stock
The TKO Group Holdings ticker symbol is TKO. You need to conduct research online in order to provide answer to question like is TKO Group Holdings stock a good buy? Should I buy shares of TKO? How do TKO’s underlying market fundamentals appear?
Step 5: Execute Your TKO Purchase
Decide whether you will purchase TKO shares at the current market price or use a limit order to delay your purchase until the stock reaches a desired price.
Step 6: Get Regular Update on your TKO Investment
You need to follow all important notifications about position in TKO Group Holdings stock. You can optimize your investment in TKO by tracking your stock regularly so as to know when your investment target is attained or when to change your investment strategy.
TKO Group Holdings Stock Price Forecast 2023, 2024-2028
This forecast is based on the general market conditions and the relative share performance in the entertainment sector. We run data using Moving Average and Relative strength index (RSI).
TKO Price Forecast 2023
TKO price is estimated to reach maximum at $110.50 by the end of 2023.The price is estimated to hit minimum at $97.21. The average price is expected to reach $103.35. This means TKO share price will reach about $103.00 per share by the end of this year.
TKO Price Forecast 2024
In 2024, the price of TKO Stock is estimated to reach a maximum value of $139.28 and minimum price is predicted as $111.73. The average price is estimated at $125.50. There is evidence that TKO price will reach about $125.00 per share in the year.
TKO Price Forecast 2025
Analysts predict that TKO Stock will reach a maximum trading price of $142.10 and the minimum price is projected to hit $118.94 in 2025. The average price is estimated at $130.52, meaning that TKO will trade at about $130.00 per share.
TKO Price Forecast 2026
In 2026 the TKO stock is expected to maintain a growing trend during the year with an estimated maximum price of $150.49. Minimum price value is predicted to reach $112.81. The average price is projected to reach $131.65. There is evidence that TKO will reach about $131.00 per share in the year.
TKO Price Forecast 2027
A technical analysis of stock experts shows that the price of TKO stock in 2027 will reach $113.08 minimum and $146.98 maximum. The expected average trading price-value is $130.03, meaning that TKO price per share will witness a slightly negative trend. There is evidence that TKO may not exceed $130.00 per share in the year.
TKO Price Forecast 2028
TKO stock fundamentals by 2028 looks more positive with long term growth forecast. The price is estimated to reach a minimum of $118.02 and reaching maximum at $154.60 with average price estimated at $136.31. There is evidence that the price of TKO stock will reach about $136.00 per share in the next 5 years to come.
Summary of Analysis
TKO Group Holdings Stock has a slow growing potential. It is a good buy now but only recommended as a good long term investment. Our analytical forecast shows that TKO will go up steadily and will maintain a bullish trend in the future.
For example, your $1000 investment in TKO stock today at ($100.76 per share) will become $1,347 in the next five years. Of course the yield looks small but don’t forget you are getting money from dividend payable on your investment as a shareholder.