Deutsche Bank analyst Benjamin Soff maintains $Live Nation Entertainment (LYV.US)$ with a buy rating, and adjusts the target price from $130 to $150.
According to TipRanks data, the analyst has a success rate of 48.6% and a total average return of 2.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Live Nation Entertainment (LYV.US)$'s main analysts recently are as follows:
Following Live Nation's Q4 results and its investor day last week, there's an anticipation of significant uplifts in multi-year adjusted operating income and unlevered free cash flow estimates. Live Nation has updated its framework outlining prospects for long-term operating income growth, which now suggests a more extensive future opportunity compared to the previous year. It's expected that the company's portfolio of owned and operated venues will primarily drive income growth in the upcoming years.
Despite challenges from weather-related disruptions, Live Nation surpassed market expectations for earnings, bolstered by robust concert margins. The outlook remains positive, influenced by a favorable presentation during the Investor Day and projections of a normalized, buoyant large event pipeline extending to fiscal 2026.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
