Live Nation Stock Among Biggest S&P 500 Gainers as BofA Lifts Price Target | Global News Avenue

Live entertainment activities (Leaf) was one of the biggest gains in the S&P 500 on Monday, which was lifted by Bank of America analysts. Price target Used for entertainment inventory.

Parents of their event management brand of the same name Ticketmaster Reliable earnings reported last week, along with “several positive updates around 2025 (this) reinforce our view that strong demand and supply trends for companies and companies remain Live entertainment industryanalysts wrote on Monday.

They reiterated the Buy rating and raised their stock price target from the previous $149 to $175, forecast growth even surpassing the current all-time high for Live Nation stock. Live Nation set an intraday record at $157.75 Friday, but closed a lower record. Stocks recently rose about 4% on Monday to price at $155.57, which would be a record closing price, up more than 60% from the same period last year.

Fourth-quarter revenue shows “many strong indicators”

Bank of America analysts say earnings and field states predict 2025 is strong due to future growth in stadium performances, current ticket sales trends and travel trends in 2025 and growth sponsor income. As “improving visibility and long-term growth potential for the company in 2025”, “many strong metrics” have allowed them to improve their profit forecasts.

“We believe LYV is an attractive opportunity to have a growth-oriented live entertainment company that benefits from favorable supply and demand Trends,” said analysts.

All analysts following Live Nation and tracked by visible Alpha rated the stock as a “buy”, while BOFA analysts are now above the average price target of $166.63.