Mentions of World Wrestling Entertainment (NYSE: WWE) stock have skyrocketed on WallStreetBets in the last 24 hours, leading some to speculate it could be the next short squeeze target.
We all remember the WWE from our childhoods, and some may even still watch the show today, but have you ever considering investing? With Reddit investors targeting the company, it could be a good time to get involved, regardless of the fundamentals.
So, in this article, we list the best places to buy WWE shares, dig into whether now is a good time to buy them, and explore our WWE price prediction.
Where to buy WWE stock online
The best place to buy WWE stock is a reliable stockbroker with low fees and an easy-to-use interface. Finding one of this quality is easier said than done, so to save you some time, we have listed our top two picks below:
eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.
Financial company driven by technology and offering all-in-one self-directed investment platform that provides excellent user experience.
What is WWE?
Founded in Massachusetts in 1980, it is an American integrated media and entertainment company. The WWE is primarily known for professional wrestling, though it has also branched out into other fields such as American football, movies and corporate business ventures.
Should I buy WWE stock?
WWE stock was already having a strong year, though its growth has been accelerated as Reddit investors piled into the company in recent days.
Right now, the company’s share price is being driven by market sentiment rather than fundamentals, so if you think you can analyse this effectively and make objective decisions, it could be a stock to quickly make substantial returns on.
By contrast, if you are looking for stability and certainty, steer clear of the WWE else your finances may receive a Tombstone Piledriver.
WWE price target
Our WWE price prediction is in line with the consensus of the world’s top analysts, with a projected 12-month median target of $62, a high of $75 and a low of $45. Right now, the stock is sitting pretty at over $62, meaning it is nicely positioned within our range.