Last Updated: 08 Nov 2024
Executive Summary
Live Nation Entertainment Inc. (LYV) is a leading global entertainment company that promotes, operates, and manages live events, owns and operates entertainment venues, and manages the careers of music artists. The company has a strong financial position and is well-positioned for growth in the live entertainment industry.
Company Overview
Live Nation Entertainment was formed in 2010 through the merger of Live Nation and Ticketmaster. The company is headquartered in Beverly Hills, California, and has operations in over 40 countries. Live Nation Entertainment is the world's largest live entertainment company, with a portfolio of over 40,000 events per year.
Fundamental Analysis
Live Nation Entertainment has a strong financial position. The company has a market capitalization of $29.24 billion, and its revenue for the trailing twelve months was $23.81 billion. The company's EBITDA for the trailing twelve months was $1.81 billion, and its net income for the trailing twelve months was $1.18 billion.
Live Nation Entertainment's financial performance has been strong in recent years. The company's revenue has grown by an average of 10% per year over the past five years, and its EBITDA has grown by an average of 15% per year over the past five years. The company's net income has grown by an average of 20% per year over the past five years.
Live Nation Entertainment's financial performance is expected to continue to be strong in the future. The company is well-positioned to benefit from the growth of the live entertainment industry. The company has a strong brand, a large portfolio of events, and a global reach.
Technical Analysis
Live Nation Entertainment's stock price has been trending higher in recent months. The stock price is currently trading at $124.6, which is above its 50-day and 200-day moving averages. The stock price is also above its support level at $120.00.
The technical analysis suggests that Live Nation Entertainment's stock price is likely to continue to trend higher in the short term. The stock price is above its moving averages and its support level, and there is no resistance level above the current price.
Short Term Outlook
Live Nation Entertainment's stock price is likely to continue to trend higher in the short term. The company has a strong financial position and is well-positioned for growth in the live entertainment industry. The technical analysis also suggests that the stock price is likely to continue to trend higher in the short term.
Long Term Outlook
Live Nation Entertainment's stock price is likely to continue to trend higher in the long term. The company is well-positioned to benefit from the growth of the live entertainment industry. The company has a strong brand, a large portfolio of events, and a global reach.
Analyst Recommendations
The majority of analysts recommend buying Live Nation Entertainment's stock. The average analyst target price for the stock is $124.56, which is above the current price. Six analysts rate the stock as a strong buy, 13 analysts rate the stock as a buy, two analysts rate the stock as a hold, one analyst rates the stock as a sell, and no analysts rate the stock as a strong sell.
