WWE stock hasn’t been the hot commodity in 2019 like it was last year where it was nearing $100 per share. However, many analysts are still bullish on the company. Yahoo! Finance has an interesting piece talking to Guggenheim analyst Curry Baker, who described WWE as his top pick for investors for the rest of 2019.
He attributed the stock being down 23% this year due to WWE missing first quarter financial expectations and he believes Vince McMahon’s reasoning that injuries were to blame. Baker says that WWE “lost a third of their roster,” and that it will bounce back significantly as the FOX deal goes into effect and near $100 again. That’d be a 49% upside to its current price of $67.42.
In addition to the FOX deal, Baker loves the international presence WWE has. He specifically cited their success in India. “India is WWE’s number one market in terms of content consumption and audience size, with sports viewership trailing only Cricket,” explained Curry.
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