-

WWE stocks surge after analyst lifts rating and price target

WWE stock is enjoying a new surge after analyst Richard Ingrassia of Roth Capital Partners lifted his rating from Neutral to Buy and price target saying there appears to be increasing fan interest.

Ingrassia said that pay-per-view buy rates for non-WrestleMania events increased 37 percent in the second quarter, the first meaningful improvement in the figure in four years. He also cited the move to three hours on RAW and the new TV show for ION that will increase WWE’s exposure to television viewers.

He credited WWE’s use of social media for marketing as helping to drive increased interest in all of its revenue categories as well as the change in direction for WWE Studios, with the company now moving away from self-produced films.

Stocks are currently trading at 8.80 at time of this writing, up 3.17% over yesterday’s closing which also had a significant increase over Wednesday.

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!

LATEST NEWS

NXT Takeover: Stand & Deliver night two results

Here are the results from last night's NXT Takeover: Stand & Deliver night two which took place live from...

Dynamite rating for 04/07/2021

AEW Dynamite this week drew 688,000 viewers, down 69,000 viewers from last week's broadcast going up against a Takeover...

NXT rating for 04/07/2021

NXT on USA drew 768,000 viewers this week for Takeover night one, a number which was certainly hurt by...
spot_img

Stories you might also likeRELATED
Recommended to you