Live Nation Entertainment (LYV)

• Market cap: $29.4B
• 1 day: 3.22%
• 5 days: 4.70%
• 1 month: -17.85%
• 3 months: -4.73%
• 6 months: 18.24%
• Year to date: -1.71%
• 1 year: 19.72%
• 5 years: 195.81%
• 10 years: 398.51%
• Sector: Consumer Discretionary
• Industry: Amusement & Recreation Services

About: Live Nation is the largest live entertainment company in the world, serving as a concert promoter, venue operator, and ticketing platform. In addition, the firm generates revenue from sponsorships and advertising. With offices in 45 countries, Live Nation promotes concerts globally and it owns, operates, or had exclusive booking rights to nearly 400 venues worldwide at the end of 2024, which the firm says makes it the second-largest operator of music venues globally. In 2024, Live Nation promoted nearly 55,000 events, drawing more than 150 million fans. Ticketmaster is a dominant global ticketing service, selling almost 640 million tickets in 2024.

Employees: 16,200

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

145% more first-time investments, than exits

New positions opened: 137 | Existing positions closed: 56

17% more capital invested

Capital invested by funds: $19B [Q3] → $22.2B (+$3.24B) [Q4]

15% more repeat investments, than reductions

Existing positions increased: 242 | Existing positions reduced: 211

11% more funds holding

Funds holding: 618 [Q3] → 684 (+66) [Q4]

0.88% less ownership

Funds ownership: 75.34% [Q3] → 74.46% (-0.88%) [Q4]

13% less call options, than puts

Call options by funds: $445M | Put options by funds: $511M

50% less funds holding in top 10

Funds holding in top 10: 16 [Q3] → 8 (-8) [Q4]

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $160 26% upside
• Avg. target: $171 35% upside
• High target: $180 42% upside

9 analyst ratings

• positive: 9 100%
• neutral: 0 0%
• negative: 0 0%

Macquarie Paul Golding 32% 1-year accuracy 17 / 53 met price target	30% upside $165	Outperform Maintained	6 Mar 2025
B of A Securities Peter Henderson 20% 1-year accuracy 1 / 5 met price target	38% upside $175	Buy Maintained	24 Feb 2025
Morgan Stanley Cameron Mansson-Perrone 40% 1-year accuracy 2 / 5 met price target	42% upside $180	Overweight Reiterated	21 Feb 2025
Benchmark Matthew Harrison 45% 1-year accuracy 10 / 22 met price target	40% upside $178	Buy Maintained	21 Feb 2025
Roth MKM Eric Handler 79% 1-year accuracy 19 / 24 met price target	37% upside $174	Buy Maintained	21 Feb 2025