share_log

Macquarie Maintains Live Nation Entertainment(LYV.US) With Buy Rating

Futu News ·  Nov 16, 2024 04:31  · Ratings

Macquarie analyst Paul Golding maintains $Live Nation Entertainment (LYV.US)$ with a buy rating.

According to TipRanks data, the analyst has a success rate of 74.0% and a total average return of 20.4% over the past year.

AnalystRecentRatingAutoNews_202690_20241114_658e769f7e496f66796c0b9a9c1c190428a9ba54_1731702602915307_nn_en

Furthermore, according to the comprehensive report, the opinions of $Live Nation Entertainment (LYV.US)$'s main analysts recently are as follows:

  • Live Nation's recent investor presentation, paired with positive commentary on the supply and demand dynamics for live music and entertainment, has reinforced the view that the company is poised to continue benefiting from secular and demographic trends, as well as robust strategies and execution.

  • Live Nation demonstrated a robust performance, surpassing market expectations for earnings, driven by strong concert margins despite facing adverse weather conditions. The sentiment regarding the company's outlook remains positive, buoyed by current performance and future projections shared during Investor Day. It is observed that expectations for a more normalized and significant event pipeline are contributing to a positive earnings outlook for fiscal 2026.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment