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

July 16, 2021 7:11 AM | 1 min read | Make a Comment

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.