Live Nation Entertainment, Inc. with ticker code (LYV) have now 18 analysts in total covering the stock. The consensus rating is pointing to ‘buy’. The range between the high target price and low target price is between $128.00 and $85.00 suggesting an average Analsyt target price of $111.72. Given that the stocks previous close was at $89.21 this would indicate that there is a potential upside of 25.2%. It’s also worth noting that there is a 50 day moving average of $87.34 and the 200 day moving average is $83.38. The company has a market cap of 20.78B. The stock price is currently at: $90.22 USD
The potential market cap would be $26,023,235,284 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 60.15, revenue per share of $92.95 and a 3.86% return on assets.
Live Nation Entertainment, Inc. is a live entertainment ticketing, sales, and marketing company. The Company is a producer of live music concerts. The Company operates through three segments: Concerts, Ticketing, and Sponsorship & Advertising. Concerts segment principally involves in the global promotion of live music events in the Company’s owned or operated venues and in rented third-party venues. Ticketing segment is primarily an agency business that sells tickets for events on behalf of its clients and retains a portion of the service charge as its fee. Sponsorship & Advertising segment employs a sales force that creates and maintains relationships with sponsors through a combination of strategic, international, national and local opportunities that allow businesses to reach customers through its concert, festival, venue and ticketing assets, including advertising on its websites.
