World Wrestling Entertainment, with ticker code (WWE) now have 11 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 75 and 47 with the average target price sitting at 63. Given that the stocks previous close was at 66.47 this is indicating there is a potential downside of -5.2%. There is a 50 day moving average of 61.67 while the 200 day moving average is 56.35. The market cap for the company is $4,731m. Company Website: https://corporate.wwe.com
The potential market cap would be $4,484m based on the market concensus.
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World Wrestling Entertainment, an integrated media and entertainment company, engages in the sports entertainment business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It operates through three segments: Media, Live Events, and Consumer Products. The Media segment engages in the production and monetization of long-form and short-form video content across various platforms, including WWE Network, broadcast and pay television, and digital and social media, as well as filmed entertainment. The Live Events segment is involved in the sale of tickets; provision of event services; and sale of travel packages related to its live events. The Consumer Products segment engages in merchandising of WWE branded products, such as video games, toys, apparel, and books through licensing arrangements and direct-to-consumer sales, as well as through e-commerce platforms. World Wrestling Entertainment was founded in 1980 and is headquartered in Stamford, Connecticut.