Update shared on23 Sep 2025
Fair value Increased 1.34%Analysts raised Live Nation Entertainment’s price target from $171.50 to $173.80, citing consistent AOI outperformance, strong forward earnings visibility, and robust demand in concerts and ticketing, which collectively reinforce confidence in durable, above-consensus profitability growth.
Analyst Commentary
- Bullish analysts cite potential upside to consensus estimates for 2026 and 2027, reflecting confidence in forward earnings growth.
- Outperformance in Q2 Adjusted Operating Income (AOI), which came in 5% above expectations, reinforces positive outlook.
- Continued double-digit profitability growth is underpinned by robust demand in the Concert Segment and higher contributions from Stadium/Venue-Nation operations.
- Concerns over low-single-digit Q2 Ticketing growth are attributed to a higher Owned & Operated (O&O) venue mix, with strong deferred revenue growth (+22% YoY) from Ticketmaster offering compensation.
- Live Nation is viewed as benefiting from a durable, top-tier competitive moat in consumer services, with compelling risk/reward upside despite near-term events such as the weather-related Bonnaroo cancellation.
What's in the News
- The U.S. Federal Trade Commission is conducting an advanced-stage probe into Live Nation's Ticketmaster regarding its compliance with laws intended to prevent automated bots from illegally reselling tickets, with a decision on potential action expected within weeks (Bloomberg).
- Live Nation and The Kraft Heinz Company have announced a multi-year partnership making Kraft Heinz the Official Condiment and Official Mac & Cheese provider at 80 Live Nation venues in the U.S.
- The partnership will see Kraft Heinz products such as HEINZ Ketchup, Mustard, Relish, and KRAFT Deluxe Mac & Cheese integrated into menus at concerts, festivals, and events throughout the year.
- The collaboration will debut at the Lollapalooza festival, where HEINZ will be the presenting sponsor of the event's "Chow Town" food destination.
- Insights from Live Nation indicate that nearly half of concert fans identify as foodies and about two-thirds are more adventurous with food at events, supporting the strategic fit of the partnership.
Valuation Changes
Summary of Valuation Changes for Live Nation Entertainment
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from $171.50 to $173.80.
- The Net Profit Margin for Live Nation Entertainment has significantly risen from 2.93% to 3.93%.
- The Future P/E for Live Nation Entertainment has significantly fallen from 56.87x to 42.93x.
Disclaimer
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