What Makes Live Nation Entertainment (LYV) Attractive

Live Nation Entertainment (NYSE:LYV) is one of the best communication services stocks according to Hedge Funds.

Kutgun Maral from Evercore ISI reaffirmed his outperform rating on Live Nation Entertainment (NYSE:LYV). The analyst gave a Buy call on December 23 and also raised his target price from $168 to $188. His revised estimates imply nearly 31% upside.

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Maral’s rating, despite the stock’s high P/E multiple of 102.66, is supported by strong anticipated growth in consolidated adjusted operating income (AOI). Projected AOI annual growth figures from 2025 to 2028 are 10%, 13%, 13.8% and 14.2%. Maral also expects accelerated demand for live events that offer enhanced revenue visibility for the company’s venue development platform, Venue Nation. These factors make Live Nation Entertainment (NYSE: LYV) a top choice in the Media industry.

On December 8, Bernstein SocGen Group analyst Ian Moore also reiterated his Buy rating for the stock, with a $185 target price. At the current level, this leads to an upside of more than 28%. Moore also maintains a view of double-digit AOI growth in 2026 despite recent concerns regarding the Ticketmaster division.

Live Nation Entertainment (NYSE:LYV) is a multinational entertainment company that was formed after a merger between Live Nation and Ticketmaster. It currently operates through three distinct segments, i.e., Concerts, Ticketing, and Sponsorship & Advertising. Through these segments, it promotes live global events, festivals, ticket sales, and venues, and also engages in advertisements, sponsorships, and promotions.

While we acknowledge the risk and potential of LYV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LYV and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.