BofA Securities analyst Peter Henderson initiates coverage on Live Nation Entertainment (LYV) with a ‘Buy’ rating, citing positive industry trends and a compelling growth trajectory. Henderson forecasts a price target of $125 and sees several factors driving long-term growth, including a shift towards experiential spending, favorable supply-demand dynamics, and rising sponsorship opportunities. The analyst expects strong revenue and earnings growth for the live concert sector in the coming years.
Results for: Live Nation
The Canadian R&B superstar’s 11-date ‘After Hours Til Dawn’ tour, originally scheduled for November and December 2023, has been canceled due to unforeseen circumstances. Live Nation, the tour’s producer, is still exploring rescheduled dates, but ticket holders for the current tour will receive full refunds. Despite the cancellation, The Weeknd continues to achieve musical success, with recent chart-topping collaborations and a growing catalog of hits.
Latin superstar Pitbull is embarking on his ‘Party After Dark’ Tour in 2024, featuring special guest T-Pain and Lil Jon in select markets. Just off his successful ‘Trilogy Tour’ with Enrique Iglesias and Ricky Martin, Pitbull, known for his No. 1 hits such as ‘Give Me Everything’ and ‘Timber,’ promises an electrifying show with a mix of his biggest hits and surprises. The tour, kicking off on August 21st in Bristow, Virginia, will stop in major cities across the U.S. before concluding in Albuquerque, New Mexico, on October 5th.
Kygo, one of the world’s most popular DJs and record producers, is coming to the UK in December as part of his massive world tour. Tickets for his two UK shows go on general sale on Friday, April 26, 2024, at 10am, but there are a number of ways to get presale tickets before then.