Live Nation Entertainment, Inc. with ticker code (LYV) now have 18 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The range between the high target price and low target price is between $132.00 and $90.00 suggesting an average analyst share price target price of $117.14. (at the time of writing). Given that the stocks previous close was at $92.96 this would imply there is now a potential upside of 26.0%. Also worth taking note is the 50 day moving average now sits at $93.24 and the 200 day MA is $90.86. The company has a market cap of 20.69B. The stock price for the company is currently is currently $89.38 USD
The potential market cap would be $26,067,146,700 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 82, revenue per share of $102.30 and a 3.53% 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.
