Goldman Sachs Initiates Coverage On Live Nation Entertainment, Sees 37% Upside

Goldman Sachs Initiates Coverage On Live Nation Entertainment, Sees 37% Upside
  • Goldman Sachs analyst Stephen Laszczyk initiated coverage of Live Nation Entertainment Inc LYV with a Buy rating and $110 price target, implying a 37.2% upside. 
  • Live Nation seems well-positioned for an expected surge in concert activity following the pandemic in the near term, Laszczyk stated.
  • He sees strong secular growth in the global live events industry in the long term. 
  • Laszczyk also estimates ample opportunity for Live Nation to gain market share in promotions and ticketing through organic expansion and M & M&A.
  • Price action: LYV shares traded higher by 1.24% at $80.92 in the premarket session on the last check Friday.

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