LYV - Is Live Nation Entertainment Stock Heading to $110?
Live Nation Entertainment (NYSE: LYV) sold over 485 million concert tickets in 2019, making it the leading live music company in the world. With live events put on hold during the pandemic, its revenue plunged 84% to $1.86 billion last year. But according to a Goldman Sachs analyst, it's now time to buy the stock.
Stephen Laszczyk recently set a $110 price target on the stock, which is about 40% above the current quote of $78 per share. Laszczyk argues the company is well positioned for a return of live events in the near term.
However, the stock is already up over 130% since March 2020 -- how much upside should investors expect?
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Is Live Nation Entertainment Stock Heading to $110?