Oppenheimer analyst Jed Kelly initiated coverage of Live Nation with an Outperform rating and $110 price target. The firm sees Live Nation’s leading concert scale “disproportionally benefiting” from music streaming advancements that are enhancing global distribution and artist discovery, the analyst tells investors. This dynamic, along with increasing network effects strengthening the company’s ticketing and sponsorship segments, are creating a more durable financial profile, adds the analyst, who “confidently underwrites” EBITDA growing 12% annually into 2025.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on LYV:
- The Taylor Swift Uproar is Only Part of Vivid Seat Stock’s (NASDAQ:SEAT) Story
- Citi cuts Live Nation target but ‘less worried than the bears’
- Live Nation (NYSE:LYV) Embraces Transparency: Bows to Biden’s Crackdown on Hidden Fees
- Live Nation to start ‘all-in pricing experience’ for concerts as of September
- Ticketmaster, Live Nation to offer all-in prices on platforms, Reuters reports