Live Nation Entertainment, Inc. (LYV) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Live Nation Entertainment, Inc. (LYV), headquartered in Beverly Hills, California, stands as a powerhouse in the live entertainment industry. The company operates through three primary segments: Concerts, Ticketing, and Sponsorship & Advertising. Live Nation excels in promoting live music events and managing venues, all while producing large-scale festivals and offering artist management services. Its Ticketing segment streamlines ticket sales and provides comprehensive software solutions, while the Sponsorship & Advertising segment focuses on selling ad placements linked to live content. With a total revenue of approximately $23.8 billion, Live Nation’s strong market position reflects significant growth potential and a robust performance amid industry competition.
Investment Insights
Analysts currently rate Live Nation as a strong buy, underpinned by a target high price of $132.00, postulating considerable upside for investors. In addition, the target mean price is projected at $119.37. With 232,114,000 shares outstanding and only 8.14% short interest—a modest figure—investor sentiment appears positive. The stock is priced at $103.64, which is above its fifty-day average of $95.64, indicating a bullish trend. The historical price data reveals a 52-week range between $76.48 and $107.24, signifying potential for continued growth.
Financial Performance
Although full details on EBITDA are currently unavailable, the company’s total revenue of $23.81 billion demonstrates solid financial performance. Analysts’ consensus indicates a favorable outlook, with a mean recommendation rating of 1.9—further solidifying Live Nation’s position as a compelling investment opportunity within the entertainment sector. With a calculated downside risk set at a target low of $90.00, the stock’s risk-reward profile appears favorable, making it an attractive choice for investors looking to enhance their portfolios with a leader in live entertainment.
| Metric | Value |
|---|---|
| Market Cap | $24.1b |
| Total Debt | $8.0b |
| Total Cash | $6.4b |
| Shares Outstanding | 232.1m |
| Float Shares | 158.5m |
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