Are you interested in investing in sports teams? Well, the Atlanta Braves Holdings might just be the opportunity you’ve been looking for. According to Rosenblatt Securities analyst Barton Crockett, there could be a share-boosting sale on the horizon for the Braves, despite comments from Liberty Media chairman John Malone stating otherwise.
Crockett raised his price target on the Braves to $54, implying an upside of almost 40% from Wednesday’s close. With Liberty Media owning 17% of the Braves’ Series C non-voting shares and Malone holding another 6%, there is still hope for a potential buyout deal in the future.
While Malone’s recent remarks may have raised some eyebrows, Crockett believes that a credible offer could change the Braves’ owners’ minds, especially after the one-year anniversary of the Braves Holdings spinoff from Liberty Media in 2023.
What makes investing in the Braves even more appealing is their recent success on the field. As the 2021 World Series champions and with a strong showing in the National League Division Series in 2022 and 2023, the Braves have proven to be a solid investment.
And for everyday investors looking to get a piece of the action, the Braves are one of the few sports teams available for public investment. Despite a 1.5% slip in their Series C non-voting shares this year, analysts like Crockett and David Joyce at Seaport Global see potential for growth, with buy ratings and price targets above the current market value.
So, if you’re looking for an exciting investment opportunity in the sports world, keep an eye on Atlanta Braves Holdings. With the potential for a share-boosting sale and a track record of success on the field, the Braves could be a winning investment for your portfolio. Stay tuned to Extreme Investor Network for more exclusive insights and analysis on investing in the sports industry.