Live Nation Entertainment, Inc. which can be found using ticker (LYV) have now 18 confirmed 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 $128.00 and $85.00 suggesting an average analyst share price target price of $113.11. (at the time of writing). Given that the stocks previous close was at $88.20 this now indicates there is a potential upside of 28.2%. Also worth taking note is the 50 day moving average now sits at $89.12 and the 200 day MA is $85.38. The total market capitalization for the company now stands at 20.13B. The stock price for the company is currently $87.41 USD
The potential market cap would be $25,818,714,758 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 58.27, 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.
