In a report issued on July 12, Currey Baker from Guggenheim reiterated a Buy rating on Live Nation Entertainment (NYSE: LYV), with a price target of $55. The company’s shares closed yesterday at $51.54, close to its 52-week high of $52.19.
Baker has an average return of 20.2% when recommending Live Nation Entertainment.
According to TipRanks.com, Baker is ranked #362 out of 4843 analysts.
Currently, the analyst consensus on Live Nation Entertainment is a Strong Buy with an average price target of $52.75.
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Based on Live Nation Entertainment’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $50.29 million. In comparison, last year the company had a net profit of $62.64 million.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock.
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Live Nation Entertainment, Inc. is an entertainment company, which engages in producing, marketing, and selling live concerts for artists via global concert pipe. It operates through the following segments: Concerts, Sponsorship and Advertising, Ticketing, and Artist Nation.
