Roth Capital maintains a Buy rating for Live Nation (LYV, Financial) with a price target of $174, citing continued strong demand for live entertainment. This confidence comes despite a slower-than-expected start to the year, which Roth attributes to seasonal factors rather than any significant shift in consumer behavior.
Looking ahead, Roth Capital anticipates substantial growth in Live Nation's performance during the second and third quarters, largely driven by an increase in stadium concerts. This growth is expected to support the company's trajectory of double-digit annual operating income (AOI) growth over multiple years.
However, Roth Capital has adjusted its estimates for Live Nation's revenue and AOI, setting both projections below the consensus on Wall Street. This adjustment reflects a more conservative outlook while still acknowledging the company's potential for robust growth in the coming months.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for Live Nation Entertainment Inc (LYV, Financial) is $163.43 with a high estimate of $180.00 and a low estimate of $124.00. The average target implies an upside of 30.07% from the current price of $125.65. More detailed estimate data can be found on the Live Nation Entertainment Inc (LYV) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Live Nation Entertainment Inc's (LYV, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Live Nation Entertainment Inc (LYV, Financial) in one year is $125.70, suggesting a upside of 0.04% from the current price of $125.65. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Live Nation Entertainment Inc (LYV) Summary page.
