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. 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 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 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.
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This article is originally published at Insider Monkey.
