Core Insights - Cenorium has initiated analyst coverage of Venu Holding Corporation (NYSE American: VENU) with a strong buy rating and a price target of $22.30 per share by 2026, indicating significant growth potential [1][2] - Venu is positioned as an innovator in the live music entertainment and real estate sectors, utilizing strategic partnerships and a public-private partnership model [2][4] Financial Projections - Revenues are forecasted to increase from USD 17.8 million in 2024 to over USD 600 million by 2029, supported by a strong development pipeline and improving utilization rates [6] - EBITDA is expected to turn positive in 2026, with full net profitability projected by 2027, reflecting rapid fundamental improvement [6] Business Model and Revenue Streams - Venu operates upscale live music venues and premium hospitality destinations, targeting the $30 billion live events market with a fan-first experience and innovative fractional ownership models [4] - Revenue streams are diverse and recurring, including live events, hospitality, sponsorships, naming rights, and food & beverage offerings [6] - The company has established profit-sharing agreements with event operators like AEG Presents and has received a USD 10.25 million investment from Aramark, enhancing operational credibility [5][6]