World Wrestling Entertainment, Inc. WWE stock is up 58.5 percent in 2017, but one Wall Street analyst isn’t ready to tap out on the rally just yet. The Analyst JPMorgan analyst David Karnovsky initiated coverage of WWE with an Overweight rating and $37 price target. The Thesis According to Karnovsky, WWE still has a favorable risk/reward balance given its upcoming TV contract renewal cycle. “With unique entertainment assets and global fan appeal, we believe WWE is well positioned to monetize its video content amid a fragmenting media landscape of television networks, distributors, and technology platforms all seeking differentiation,” Karnovsky said Wednesday. Read moreUpside potential is limited. $WWE, World Wrestling Entertainment, Inc. / D