This summary was created by AI, based on 5 opinions in the last 12 months.
Live Nation Entertainment Inc. (LYV-N) is a dominant force in the live events and concert ticket selling industry, controlling almost all live venues for concerts. The company has been building cash reserves, retiring debt, and experiencing tripled sales since the rebound from the pandemic. Analysts expect double-digit growth in key parameters for the next few years and a strong demand for entertainment post-COVID-19. However, the stock is considered expensive at 70X earnings and has some legal issues, but overall, it is seen as a crown jewel in the experience economy with strong potential for growth.
Concert business is on fire. Stock's been on a rollercoaster due to being sued by DOJ on anti-trust allegations. Pressure short term, but long-term a wonderful business. Great management and free cashflow growth.
The government regulators are after them (anti-trust) which is never a good thing.
One of the crown jewels in the experience economy. They have a strangehold on live concerts, being the only public in this space. People keep going to events and increasing. Looks at Taylor Swift. He sees a new high soon.
They control almost all the live venues for concerts. Demand and schedule for concerts remains huge, like Canadians seeing Taylor Swift in other countries.
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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Post Covid-19 demand for entertainment will remain strong.
Higher prices not impacting demand.
Artists forced to tour as a result of Spotify.
Expecting many years of live show demand growth.
Expanding vertically into venue ownership.
He sold it last year at $7. The post-Covid reopening impulse has long ended.
Live Nation Entertainment Inc. is a American stock, trading under the symbol LYV-N on the New York Stock Exchange (LYV). It is usually referred to as NYSE:LYV or LYV-N
In the last year, 6 stock analysts published opinions about LYV-N. 4 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Live Nation Entertainment Inc..
Live Nation Entertainment Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Live Nation Entertainment Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
6 stock analysts on Stockchase covered Live Nation Entertainment Inc. In the last year. It is a trending stock that is worth watching.
On 2024-10-07, Live Nation Entertainment Inc. (LYV-N) stock closed at a price of $110.82.
Lots of overhang. Prices have certainly increased. Lots of political pressure on how tickets are sold. Government may step in and impose regulations. He likes names without those threats. Chart is volatile.