Goldman rates Live Nation as a buy, says stock can rally nearly 40% as concerts return

CNBC2021-07-16

As concert tours and other live events begin to fill up the calendar once again,Live Nationis poised to bounce back and expand its market share in the entertainment business, according to Goldman ...

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Jazling
2021-07-16
Jazling
Wow
- Jazling:
  Ok
Joanteo
2021-07-16
Joanteo
Good
- ZOANMAN:
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The company’s liquidity situation stabilized and while live events were not able to take place at scale for the reminder of the year, the company (and the market) has shifted focus to the strong supply and demand trends building under the surface,” the note said.\nThe firm set a price target of $110 per share for Live Nation, more than 37% above where the stock closed on Thursday.\nGoldman’s stance on Live Nation is one of the more bullish calls on the hotly debated stock. Even in a year where reopening stocks have performed well, Live Nation’s shares have gained less than 9% year to date, lagging the broader market. 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