
NYSE:LYV
This summary was created by AI, based on 4 opinions in the last 12 months.
Live Nation Entertainment Inc. (LYV) has garnered positive reviews from experts who view it as a leading player in the live music industry, highlighting its unique position and growth potential. One expert emphasizes the company's strength, noting a 22% increase in deferred revenue year-over-year and an 11% rise in ticket sales, suggesting resilience in its business model. Despite ongoing anti-trust lawsuits, including a settlement with the Department of Justice, many analysts remain optimistic about the company's future, with a price target of $178.35. There is a prevailing sentiment that while challenges exist, the overall outlook for Live Nation remains stable, with expectations of double-digit revenue growth in the near future. Additionally, the demand for live experiences continues to strengthen as fans seek to see their favorite bands perform live again.
It's pricey but should be. Goldman Sachs predicts a blockbuster year for them and it's justified in this reopening. LN sells beer, t-shirts and VIP packages which offer super-high margins. LN controls so many venues and faces little competition. A great company, but not cheap.
He has not done a lot of work on this company, but is aware they have been putting up monster earnings results. They are consistent earnings beaters, but when there are not on guidance, it is usually earnings lower than target. This makes the stock too risky for his conservative investments, but would consider it a speculative buy.
(A Past Top Pick on April 17, 2017, Up 30%) They sold tickets to 30,000 concerts last year globally. Revenues up around 20% in 2017, though this growth likely won't continue at this pace. That said, sponsorship, ticket sales and beer revenues all point to good revenues this year. You can't download a live show.