Live Nation Entertainment found using ticker (LYV) have now 12 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 130 and 85 calculating the average target price we see 115. Now with the previous closing price of 119.5 this would imply there is a potential downside of -3.8%. The 50 day MA is 113.43 and the 200 moving average now moves to 100.96. The company has a market capitalisation of $26,456m. You can visit the company’s website by visiting: https://www.livenationentertainment.com
The potential market cap would be $25,460m based on the market concensus.
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, ticket outlets, and telephone call centers. The Sponsorship & Advertising segment sells international, national, and local sponsorships and placement of advertising, including signage, promotional programs, rich media offering that include 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, 2020, it owned, operated, or leased 155 entertainment venues in North America and 76 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.
