TKO Group Holdings Inc (NYSE:TKO) is one of the best stocks to buy in 2026 according to billionaire George Soros. On April 27, Bernstein SocGen Group reiterated an Outperform rating on TKO Group Holdings Inc (NYSE:TKO) but lowered its price target to $240 from $250. The new price target still indicates substantial upside potential.
For the price target cut, Bernstein pointed to concerns around the Middle East events calendar and performer pay. The firm cited this as a near-term operational risk. The Iran war led to the rescheduling or postponement of events and gatherings across the Middle East as airspaces closed and shipping issues arose.
In the medium-term, Bernstein cited media rights renewal and Saudi PIF funding review as potential headwinds. TKO Group’s UFC unit has its next rights renewal in 2032, while there’s debate around Saudi PIF’s future funding of live entertainment.
Even with these issues sticking out, Bernstein sees a constructive fundamental picture in TKO Group and believes the stock presents a buying opportunity at the current price. The firm noted gains for UFC in the Paramount+ deal and strong momentum in the WWE division.
TKO Group Holdings Inc (NYSE:TKO) is an American sports and entertainment company headquartered in New York. It’s the company behind the professional wrestling brand WWE and mixed martial arts brand UFC. TKO Group makes money through channels like media rights, event ticket sales, and consumer products.
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