
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.
Experiential Consumerism. Concerts and adventure travel. They make their money not on the concerts, but on the merchandise, the promotions, the sponsorships and they own a lot of the venues. They are out there buying more and more concerts and live events. They own Ticket Master. It does not pay a dividend and the balance sheet is not opaque. He thinks they can build their cash flow over 40% over the next couple of years. They have wonderful pricing power. (Analysts’ target: $33.00).
It owns many venues and Ticketmaster too. It is a perfect example of his theme of experiential consumerism, which he is keen on at present. The problem is that the financial statements are very difficult to understand. The controlling shareholder runs the company more for their benefit than for shareholders. He has been watching it as it goes up. It is clearly a very good company in a very interesting space. He wants to assure himself that he is not paying too much.
A rollercoaster. Doesn't look good. Had support at $41.80 and doesn't see a bounce-back without a rise in volume. Wait till it hits $39.80 to see buying support. We don't see that now. If you hold, sell below $35.