Live Nation Entertainment. with ticker code (LYV) now have 14 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 120 and 70 with a mean TP of 100.5. Given that the stocks previous close was at 76.12 this would indicate that there is a potential upside of 32.0%. The day 50 moving average is 71.64 while the 200 day moving average is 86.05. The market capitalisation for the company is $16,974m. Company Website: https://www.livenationentertainment.com
The potential market cap would be $22,411m 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 operationsluding 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, and ticket outlets. The Sponsorship & Advertising segment sells international, national, and local sponsorships and placement of advertisingluding signage, promotional programs, rich media offering that comprise 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, 2021, it owned, operated, or leased 165 entertainment venues in North America and 94 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.
