12:20 PM EDT, 05/07/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our target by $45 to $200, using a forward TEV/EBITDA of 19.0x vs. the three-year historical average at 20.0x. Our EBITDA estimates are $2.30B in 2026 and $2.40B in 2027. We find this company difficult to forecast. Correcting prior EPS calculations and lowering our expectations, we reduce our 2026 EPS estimate by $3.45 to $3.05 and 2027's by $3.55 to $3.20 on respective revenue projections of $5.7B and $5.8B. We think the momentum for TKO across three principal businesses has slowed down considerably in Q1 2026 results. We believe the share price has higher-than-average market volatility, although TKO is a newly formed company. TKO completed a number of strategic transactions that enable TKO to scale as a premium sports entertainment company. Valuation is problematic for TKO, given the number of businesses it has acquired or merged in the last two years. We think normalized valuation metrics like TEV/EBITDA are best served using 2026 EBITDA estimates, excluding any potential acquisitions.