World Wrestling Entertainment (NYSE: WWE) shares surged at the start of the month following news that Vince McMahon was returning to the company to help it “undertake a review of its strategic alternatives with the goal being to maximize value for all WWE shareholders.”
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
The stock is up over 29% in 2023 already and has gained over 73% in the last 12 months.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Last week it was reported that Saudi Arabia’s investment fund had struck a deal to buy the organisation, but those rumours were promptly dismissed.
Top Broker Recommendation
YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY
On Tuesday, Wells Fargo analyst Steven Cahall upgraded WWE shares to Equal Weight from Underweight, raising the firm’s price target on the stock to $100 from $52 per share.
The Fly quoted the analyst as telling investors in a note that he is capitulating and that his previous negative thesis regarding WWE’s TV rights renewals is moot as a result of the company’s strategic process.
He added that a strategic process “has a reasonable probability of success,” and that he believes a financial buyer could justify a mid-teens enterprise value to EBITDA multiple and derives at an $8 billion valuation or $100 per share.
However, he argues that a sale price significantly above $100 per share is harder to justify.
Overall, out of eight analysts, five have a Buy rating on WWE, with three assigning the stock a Hold rating, according to TipRanks. The average price target is $98.25 per share.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
