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What Are Wall Street Analysts’ Target Price for Live Nation’s Stock?
Yahoo Finance· 2025-11-04 15:30
Core Insights - Live Nation Entertainment, Inc. is a leading player in the global live entertainment industry, focusing on concert organization, ticketing solutions, and event management services [1] - The company has a market capitalization of $35.06 billion [2] Financial Performance - In Q2, Live Nation's revenue increased by 16% year-over-year to $7.01 billion, surpassing the expected $6.80 billion [5] - Concert revenue specifically rose by 19% to $5.95 billion, contributing to the overall revenue growth [5] - Adjusted operating income also saw an increase of 11% year-over-year, reaching $798.40 million [5] Deferred Revenues - Live Nation's deferred revenues indicate strong momentum, with concert-related deferred revenue at $5.10 billion, up 25% year-over-year [6] - Ticketmaster's deferred revenue reached an all-time high of $317 million, increasing by 22% [6] Stock Performance - Over the past 52 weeks, Live Nation's stock has gained 27.9%, while it is up 12% over the past six months [3] - The stock reached a 52-week high of $175.25 in September but has since declined by 14.5% from that peak [3] - Compared to the S&P 500 Index, which gained 19.6% over the past 52 weeks, Live Nation has outperformed but underperformed over the past six months [4] Analyst Outlook - Wall Street analysts have a mixed outlook for Live Nation's bottom line, projecting an 85% year-over-year drop in EPS to $0.41 for fiscal year 2025 [7] - However, EPS is expected to rebound significantly, increasing by 495.1% to $2.44 in fiscal 2026 [7]