JPMorgan analyst raises WWE price target to $105

JPMorgan analyst David Karnovsky raised his overweight rating for WWE stocks and raised his price target from $95 to $105.

Karnovsky outlined that upcoming TV deals in India, United Kingdom, Middle East, Latin America, and China will bring in more money as well as a potential third hour of Smackdown on FOX which would greatly increase WWE’s revenues for 52 more hours of action for the network.

He expects that the India television deal will bring in over the double the amount that the company gets at the moment. A third hour of Smackdown would generate around $25 million per year in extra revenue for WWE.

“We continue to see upside to WWE shares, with the stock remaining our top pick in the live entertainment subsector,” Karnovsky wrote in a note.

Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!


NBC sets February 16 premiere date for Young Rock

Young Rock, the new comedy series from NBC based on the life of Dwayne "The Rock" Johnson, will premiere...

Kevin Owens replacing Adam Pearce in last man standing match against Reigns

Adam Pearce is not lacing up his wrestling boots again as the man in charge has managed to find...

Alex Shelley removed from tomorrow’s Hard To Kill PPV main event

Alex Shelley, one half of the Motor City Machine Guns, has been taken off from tomorrow's Hard To Kill...

- Advertisement -

Stories you might also likeRELATED
Recommended to you