WWE stock is expected to rise by 50% in the near future according to some well placed observers of the stock market.
The wrestling organization has made some key decisions this year to take the entertainment business to the next level, with them starting to play with the big boys of sport.
One of those decisions was to open up their own 24/7 coverage of the entertainment sport, which after a slow start has picked up considerably.
The day after WrestleMania, the WWE's stock plummeted somewhat after they only secured 667,287 from initial subscription figures.
Investors had been expecting the organization to boast figures of over one million for the organization's new subscription service, and the reaction to the news saw the stock plummet.
Mike Ozanian of Forbes explains that Laura Martin is one of the best brains in the investment world, and according to Ozanian, Martin is getting behind the WWE as of this moment.
"Laura Martin is among the sharpest media analysts I know. She told me two years ago it was time to buy shares of Facebook when its stock was trading at $32," Ozanian explained.
"Facebook now goes for almost $60 and has handily outperformed both the Nasdaq and S&P 500 since Martin’s recommendation.
"Martin now likes WWE (full report click here) with a price target of $30 over the next year, 50% above its current valuation."
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