
NYSE:LYV
This summary was created by AI, based on 4 opinions in the last 12 months.
Live Nation Entertainment Inc. (LYV) is widely regarded as a dominant player in the live music industry, with experts highlighting its unique position and strong performance metrics. There has been a significant increase in deferred revenue, which has risen by 22% year-over-year, indicating strong demand for live events. Ticket sales are also up by 11%, suggesting a robust resurgence in live performances. Despite ongoing legal challenges, including a settlement with the DOJ related to antitrust issues, analysts remain optimistic about the company’s business model and growth potential. Overall, the consensus is that Live Nation's performance and revenue growth trajectory remain intact, and no major breakup of the company is expected from the ongoing legal proceedings.
LYV is up 21% this year, which we would not consider so bad. Sales have tripled since 2020 in the covid rebound, and are expected to rise about 10% next year. Concert sales rose 29% last quarter. There are some legal issues, regarding concentration in the industry and investigations by the government, but otherwise we do not see a lot of issues. At 75X earnings, however, the stock is too expensive to get us really interested.
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He'd double-down on this after recommending this some weeks ago, though the stock has been a bit of a dud since then. Let's assume demand will be there. Goldman Sachs (in this bullish call today) said there'll be twice as many musicians touring than in a normal year, and LN can capitalize. Rising cases are not enough to justify lockdowns, because people won't allow. He still likes this.
Our PAST TOP PICK with LYV has triggered its stop at $89. To remain disciplined, we recommend covering the position at this time.