Berenberg Bank analyst Brett Knoblauch maintained a Hold rating on Live Nation Entertainment (NYSE:LYV) on Thursday, setting a price target of $47, which is approximately 12.01% above the present share price of $41.96.
Knoblauch expects Live Nation Entertainment to post earnings per share (EPS) of $0.00 for the second quarter of 2020.
The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in Live Nation Entertainment, with an average price target of $54.43.
The analysts price targets range from a high of $78 to a low of $35.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.37 billion and a net profit of -$172.54 million. The company's market cap is $8.74 billion.
According to TipRanks.com, Berenberg Bank analyst Brett Knoblauch is a 1-star analyst with an average return of -6.9% and a 28.6% success rate.
Live Nation Entertainment, Inc. is an entertainment company, which engages in producing, marketing and selling live concerts for artists via global concert pipe. It operates through the following segments: Concerts, Sponsorship & Advertising and Ticketing. The Concerts segment involves in the promotion of live music events in owned or operated and in rented third-party venues. The Sponsorship and Advertising segment offers sales force that creates and maintains relationships with sponsors through a combination of international, national, and local opportunities that allow businesses to reach customers through concerts, venue, festivals and ticketing assets, including advertising on websites. The Ticketing segment includes selling of tickets for events on behalf of clients and retains a fee, or service charge for these services. The company was founded in 1996 and is headquartered in Beverly Hills, CA.
