Oppenheimer Reiterates Outperform Rating on Live Nation Entertainment (LYV); 'Compelling Setup into '25'

Oppenheimer analyst Jed Kelly reiterated an Outperform rating and $155.00 price target on Live Nation Entertainment (NYSE: LYV) as they see a compelling set-up into '25

The analyst commented, "We see LYV better positioned fundamentally into '25 versus most names in our coverage and expecting another DD AOI growth year on accelerating fan/ticketing trends, greater show supply, and expanding Venue Nation impact (~20% ROIC). Despite recent FX headwinds, early indicators for consumer service companies imply a favorable back-drop for live events and travel. We are observing encouraging 4Q traffic trends at TM, supporting both the strong concert demand and higher stadium mix narratives. While DOJ case appears bipartisan, assigning a higher likelihood of a settlement before the ’26 trial by extending the Consent Decree (expires in ’25) with new administration having a fresh look and seeing limited merit to structural harm. Maintain Outperform; $155 PT is based on 15x our ’26E EV/EBITDA (AOI)."

For an analyst ratings summary and ratings history on Live Nation Entertainment click here. For more ratings news on Live Nation Entertainment click here.

Shares of Live Nation Entertainment closed at $139.18 yesterday.

You May Also Be Interested In

• Stripe, Advent In Talks To Buy Paypal - WSJ
• Paramount Skydance clears global regulators for WBD deal, faces state AG suit
• Active options: TSLA NVDA SPCX MU AAPL AMD INTC AMZN