Live Nation Entertainment – Consensus Indicates Potential 46.3% Upside

Broker Ratings

Live Nation Entertainment found using ticker (LYV) have now 13 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 150 and 80 with the average target price sitting at 125.23. Given that the stocks previous close was at 85.59 this would indicate that there is a potential upside of 46.3%. There is a 50 day moving average of 93.73 and the 200 day MA is 105.11. The company has a market capitalisation of $19,244m. You can visit the company’s website by visiting: https://www.livenationentertainment.com

The potential market cap would be $28,157m based on the market concensus.

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Live Nation Entertainment operates as a live entertainment company. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues; operates and manages music venues; produces music festivals; creates associated content; and offers management and other services to artists. The Ticketing segment manages the ticketing operations, including the provision of ticketing software and services to clients for tickets and event information through its primary websites livenation.com and ticketmaster.com, as well as provides ticket resale services. This segment sells tickets for its events, as well as for third-party clients in various live event categories, such as arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters through websites, mobile apps, and ticket outlets. The Sponsorship & Advertising segment sells international, national, and local sponsorships and placement of advertising, including signage, promotional programs, rich media offering that comprise advertising related with live streaming and music-related content; and ads across its distribution network of venues, events, and websites. This segment also manages the development of strategic sponsorship programs, as well as develops, books, and produces custom events or programs for specific brands. As of December 31, 2021, it owned, operated, or leased 165 entertainment venues in North America and 94 entertainment venues internationally. The company was formerly known as Live Nation and changed its name to Live Nation Entertainment in January 2010. Live Nation Entertainment was incorporated in 2005 and is headquartered in Beverly Hills, California.

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