Fintel reports that on April 30, 2024, Deutsche Bank initiated coverage of Live Nation Entertainment (NYSE:LYV) with a Buy recommendation.

Analyst Price Forecast Suggests 35.29% Upside

As of April 17, 2024, the average one-year price target for Live Nation Entertainment is 120.29. The forecasts range from a low of 85.85 to a high of $136.50. The average price target represents an increase of 35.29% from its latest reported closing price of 88.91.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Live Nation Entertainment is 18,964MM, a decrease of 16.64%. The projected annual non-GAAP EPS is 1.77.

What is the Fund Sentiment?

There are 1,283 funds or institutions reporting positions in Live Nation Entertainment. This is an increase of 32 owner(s) or 2.56% in the last quarter. Average portfolio weight of all funds dedicated to LYV is 0.24%, an increase of 11.45%. Total shares owned by institutions increased in the last three months by 3.16% to 192,202K shares. The put/call ratio of LYV is 1.01, indicating a bearish outlook.

What are Other Shareholders Doing?

Public Investment Fund holds 12,565K shares representing 5.48% ownership of the company. No change in the last quarter.

Select Equity Group holds 10,463K shares representing 4.56% ownership of the company. In its prior filing, the firm reported owning 11,125K shares , representing a decrease of 6.34%. The firm decreased its portfolio allocation in LYV by 7.92% over the last quarter.

Canada Pension Plan Investment Board holds 8,907K shares representing 3.88% ownership of the company. In its prior filing, the firm reported owning 8,801K shares , representing an increase of 1.19%. The firm decreased its portfolio allocation in LYV by 1.48% over the last quarter.

Principal Financial Group holds 7,130K shares representing 3.11% ownership of the company. In its prior filing, the firm reported owning 7,126K shares , representing an increase of 0.06%. The firm decreased its portfolio allocation in LYV by 43.54% over the last quarter.

PMSBX - MidCap Fund (f holds 5,213K shares representing 2.27% ownership of the company. In its prior filing, the firm reported owning 5,162K shares , representing an increase of 0.98%. The firm decreased its portfolio allocation in LYV by 7.05% over the last quarter.

Live Nation Entertainment Background Information
(This description is provided by the company.)

Live Nation Entertainment is the world's leading live entertainment company comprised of global market leaders: Ticketmaster, Live Nation Concerts and Live Nation Media & Sponsorship.