Live Nation Entertainment (NYSE:LYV) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Live Nation Entertainment (NYSE:LYV) to a strong-buy rating in a research note released on Tuesday,Zacks.com reports.

Other analysts have also recently issued research reports about the stock. UBS Group raised their price objective on shares of Live Nation Entertainment from $164.00 to $181.00 and gave the company a “buy” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. upped their price target on Live Nation Entertainment from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. TD Cowen reaffirmed a “buy” rating on shares of Live Nation Entertainment in a research note on Monday. Jefferies Financial Group downgraded Live Nation Entertainment from a “buy” rating to a “hold” rating and decreased their target price for the stock from $161.00 to $155.00 in a research report on Tuesday, January 13th. Finally, Oppenheimer reissued an “outperform” rating and issued a $190.00 target price on shares of Live Nation Entertainment in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $180.90.

Live Nation Entertainment Stock Performance

NYSE LYV opened at $157.83 on Tuesday. The stock has a market capitalization of $37.06 billion, a price-to-earnings ratio of -657.63, a PEG ratio of 19.28 and a beta of 1.18. The business’s 50 day moving average is $147.59 and its two-hundred day moving average is $150.45. Live Nation Entertainment has a 12-month low of $112.88 and a 12-month high of $175.25. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 8.51.

Live Nation Entertainment (NYSE:LYV) last announced its quarterly earnings data on Thursday, February 19th. The company reported ($1.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.00) by ($0.06). Live Nation Entertainment had a return on equity of 48.11% and a net margin of 1.79%.The business had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same period in the prior year, the company earned $0.58 EPS. The company’s revenue was up 11.1% on a year-over-year basis. Research analysts expect that Live Nation Entertainment will post 2.38 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LYV. Clearstead Trust LLC raised its position in shares of Live Nation Entertainment by 469.0% in the second quarter. Clearstead Trust LLC now owns 165 shares of the company’s stock valued at $25,000 after buying an additional 136 shares during the last quarter. Leonteq Securities AG acquired a new position in Live Nation Entertainment in the 4th quarter valued at $25,000. Nvest Wealth Strategies Inc. purchased a new position in shares of Live Nation Entertainment during the 4th quarter worth $26,000. Ameriflex Group Inc. boosted its holdings in shares of Live Nation Entertainment by 102.4% during the third quarter. Ameriflex Group Inc. now owns 166 shares of the company’s stock worth $27,000 after purchasing an additional 84 shares during the last quarter. Finally, Elyxium Wealth LLC purchased a new stake in shares of Live Nation Entertainment in the fourth quarter valued at $30,000. 74.52% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Live Nation Entertainment

Here are the key news stories impacting Live Nation Entertainment this week:

• Positive Sentiment: Deutsche Bank raised its price target to $180 and reaffirmed a “buy” rating, implying material upside from recent levels; this upgrade likely supports buying momentum. Deutsche Bank adjusts Live Nation Entertainment PT to $180 from $160, maintains buy rating
• Positive Sentiment: Wells Fargo initiated coverage with an “overweight” rating and a $204 price target (significant upside), and that initiation has been reported broadly — a catalyst for institutional interest and likely contributor to today’s upward move. Wells Fargo initiates coverage of Live Nation Entertainment (LYV) with overweight recommendation
• Positive Sentiment: Zacks flagged an upgrade to “strong-buy” (coverage citing recent analyst activity), which may amplify retail/investor attention and short-term buying. Zacks.com
• Neutral Sentiment: Analyst and media coverage is also highlighting a shifting investment thesis — growth plans and consolidation opportunities vs. regulatory questions — producing a mixed narrative that can sustain volatility as investors price risk/reward. How The Live Nation (LYV) Investment Story Is Shifting With Growth Plans And Regulatory Questions
• Negative Sentiment: The DOJ antitrust case moves forward with jury selection imminent; while the judge pared some government claims, the trial creates regulatory overhang and potential liability that could pressure sentiment and valuation. Justice Department Blasts Live Nation’s ‘Desperate Attempt’ To Halt Anti-Monopoly Trial—Days Before It Begins
• Negative Sentiment: Halper Sadeh LLC announced a shareholder inquiry into potential fiduciary breaches by officers and directors, signaling possible litigation or governance scrutiny that could be a drag if it escalates. HALPER SADEH LLC ENCOURAGES LIVE NATION ENTERTAINMENT, INC. SHAREHOLDERS TO CONTACT THE FIRM TO DISCUSS THEIR RIGHTS

Live Nation Entertainment Company Profile

Live Nation Entertainment is a global live entertainment company that promotes, operates and sells tickets for live events. The company’s core activities include concert promotion and production, venue operations and management, ticketing services through its Ticketmaster platform, artist management and development, and sponsorship and advertising services tied to live events. These integrated businesses are designed to connect artists, fans and commercial partners across the live event ecosystem.

The company in its current form was created following the 2010 merger of Live Nation and Ticketmaster, combining a promoter and venue operator with one of the industry’s largest ticketing platforms.