This summary was created by AI, based on 4 opinions in the last 12 months.
Live Nation Entertainment Inc. (LYV-N) is a US based event ticket seller that has been building cash reserves and retiring debt, which is expected to see double-digit growth in key parameters for the next few years due to pent-up demand for concert goers. The company controls almost all live venues for concerts and has seen a 21% increase in sales this year. However, at 70x earnings, the stock is considered expensive by some experts. Despite some legal issues and investigations by the government, the post-COVID-19 demand for entertainment is expected to remain strong, leading to potential growth in live show demand. Investors are recommended to set a stop-loss at $89 and aim for an upside potential of 20% with a price target of $117.
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.
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.
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.
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, 2 stock analysts published opinions about LYV-N. 2 analysts recommended to BUY the stock. 0 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.
2 stock analysts on Stockchase covered Live Nation Entertainment Inc. In the last year. It is a trending stock that is worth watching.
On 2024-03-28, Live Nation Entertainment Inc. (LYV-N) stock closed at a price of $105.77.
The US based event ticket seller has been building cash reserves and retiring debt. Pent up demand for concert goers is expected to see double-digit growth in key parameters for the next few years. It is expensive at 70x earnings, but the 65% ROE demonstrates its market dominance in the sector. We recommend setting a stop-loss at $89, looking to achieve $117 — upside potential of 20%. Yield 0%
(Analysts’ price target is $116.88)