Roth Mkm Raises Live Nation Entertainment Price Target to $152.00

On December 14, 2024, analysts at Roth Mkm increased their price target for Live Nation Entertainment (NYSE:LYV) from $132.00 to $152.00. This adjustment, noted in a research report, maintains a "buy" rating on the stock. The new price target suggests a potential upside of approximately 11.81% based on the stock's current market price.

Several other research firms have also revised their outlook on Live Nation Entertainment recently. For instance, Citigroup raised its price target from $130.00 to $163.00 on November 20, assigning a "buy" rating to the stock. Benchmark has set their target at $144.00, up from $132.00, while Oppenheimer increased its price target to $155.00 from $120.00. Macquarie and TD Cowen joined the trend, boosting their targets to $146.00 and $145.00 respectively. Currently, two analysts have given the stock a hold rating, while sixteen have rated it as a buy. According to MarketBeat, the consensus rating stands at "Moderate Buy" with an average target price of $144.33.

Current Stock Performance

On Thursday, NYSE:LYV opened at $135.95. The company's financial ratios show a debt-to-equity ratio of 6.10, with both quick and current ratios at 1.01. Live Nation Entertainment holds a market capitalization of $31.59 billion and a price-to-earnings ratio of 144.63, along with a price-to-earnings-growth ratio of 3.65 and a beta of 1.37. Over the past year, the stock has reached a low of $86.67 and a high of $141.18, with recent moving averages indicating a 50-day at $125.79 and a 200-day at $106.35.

Earlier in November 2024, the company announced its earnings, reporting an EPS of $1.66, which surpassed analyst expectations of $1.58. Although revenue came in at $7.65 billion—slightly lower than the anticipated $7.75 billion—Live Nation still showcased a return on equity of 77.62%. However, revenue decreased by 6.2% year-over-year as compared to the same quarter from the previous year.

Institutional Investor Activity

Recent trading activity highlights significant movements among institutional investors regarding Live Nation Entertainment. Cetera Advisors LLC established a new position in the first quarter valued at around $207,000. CWM LLC increased its holdings by 8.4% during the second quarter, now owning a total of 2,389 shares worth approximately $224,000. Other firms, including Diversified Trust Co and Wealth Enhancement Advisory Services LLC, have also made adjustments to their shares, contributing to institutional investors holding 74.52% of the stock.

Company Overview

Live Nation Entertainment, Inc. is a global leader in live entertainment. It operates through various segments including Concerts, Ticketing, and Sponsorship & Advertising. The Concerts segment manages live music events across owned, operated, and rented venues, and additionally handles music festivals, artist management, and streaming content related to live performances.

Live, Nation, Entertainment