Live Nation Entertainment, Inc. which can be found using ticker (LYV) have now 17 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 $130.00 and $85.00 with the average share target price sitting at $117.88. (at the time of writing). Given that the stocks previous close was at $103.52 this now indicates there is a potential upside of 13.9%. Also worth taking note is the 50 day moving average now sits at $97.11 and the 200 day MA is $89.61. The total market capitalization for the company now stands at 23.73B. The stock price for the company is currently $102.80 USD
The potential market cap would be $27,017,243,037 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 75.04, revenue per share of $99.50 and a 3.84% 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.
