World Wrestling (WWE) Receives a New Rating from a Top Analyst
In a report released today, Laura Martin from Needham assigned a Buy rating to World Wrestling (WWE), with a price target of $65.00. The company’s shares closed last Thursday at $56.22.
According to TipRanks.com, Martin is a top 100 analyst with an average return of 29.4% and a 65.8% success rate. Martin covers the Services sector, focusing on stocks such as Peloton Interactive, CuriosityStream, and Walt Disney.
World Wrestling has an analyst consensus of Moderate Buy, with a price target consensus of $58.17, a 3.0% upside from current levels. In a report issued on April 8, MKM Partners also maintained a Buy rating on the stock with a $65.00 price target.
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The company has a one-year high of $61.32 and a one-year low of $35.44. Currently, World Wrestling has an average volume of 1.22M.
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World Wrestling Entertainment, Inc. engages in the development, production and marketing of television and pay-per-view event programming and live events and the licensing and sale of consumer products featuring its brands. It operates through the following business segments: Digital Media, Live Events, Consumer Products Division, WWE Studios, and Corporate & Other. The Digital Media segment revenues consist principally of subscriptions to WWE Network, fees for viewing its pay-per-view and video-on-demand programming, and advertising fees. The Live Events segment revenues consist principally of ticket sales and travel packages for live events. The Consumer Products segment revenues consist principally of royalties or license fees related to various WWE themed products such as video games, toys and apparel. The WWE Studios segment revenues consist of amounts earned from the investing in producing and/or distributing of filmed entertainment. The Corporate & Other segment revenues consist of amounts earned from the investing in producing and/or distributing of filmed entertainment. The company was founded by Vincent K. McMahon in 1980 and is headquartered in Stamford, CT.