Live Nation's Strategic Moves: From Enhanced Artist Relations To Expanding Global Footprint, Analyst Sees Continued Momentum
Portfolio Pulse from Shivani Kumaresan
Benchmark analyst Matthew Harrigan reiterated a Buy rating on Live Nation Entertainment Inc (NYSE:LYV) with a price target of $110. The company is praised for its innovation in technology for music experiences and its ticketing platform. Live Nation recently announced the end of all merchandise fees and is offering $1,500 stipends for club headliners. The company-owned Veep launched a subscription service for fans to access livestream shows and on-demand replays.
October 09, 2023 | 5:46 pm
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Live Nation Entertainment Inc (NYSE:LYV) has been given a Buy rating by Benchmark analyst Matthew Harrigan, with a price target of $110. The company's innovative strategies and artist-friendly actions are seen as positive.
The Buy rating from a Benchmark analyst, along with a price target of $110, indicates a positive outlook for Live Nation Entertainment Inc. The company's innovative strategies, such as ending all merchandise fees and offering $1,500 stipends for club headliners, as well as the launch of a subscription service by company-owned Veep, are seen as positive moves that could potentially boost the company's stock.
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