Live Nation Bull Analyst Sees 15% Upside Ahead For Concert Stock, Notes 'Wider Network Of Fans'


Shares of Live Nation Entertainment Inc LYV have climbed more than 40% year to date.

The company’s breadth of inventory is well positioned to deliver “more events to a wider network of fans,” according to Oppenheimer.

The Live Nation Entertainment Analyst: Jed Kelly initiated coverage of Live Nation Entertainment with an Outperform rating and price target of $110.

The Live Nation Entertainment Thesis: Music fans could reach 155.4 million in 2025, in-line with the company’s long-term fan target of 175 million, Kelly said in the initiation note.

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“We see LYV’s leading concert scale disproportionally benefiting from music streaming advancements that are enhancing global distribution and artist discovery to boost fan engagement and create more latent demand opportunities for the platforms with the largest inventory breadth,” the analyst wrote.

“This dynamic, along with increasing network effects strengthening LYV's Ticketing/Sponsorship segments, are creating a more durable financial profile, and we confidently underwrite AOI (EBITDA) growing 12% annually into 2025,” he added.

Live Nation Entertainment proactively partnering with legislators on fair ticketing initiatives is likely to “reduce the likelihood of a negative regulatory outcome, remove a share overhang, and close valuation back to historical levels,” Kelly further stated.

LYV Price Action: Shares of Live Nation Entertainment had risen by 0.66% to $97.46 at the time of publication Friday.

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