Live Nation (LYV) is in a better fundamental position into 2025 than other companies in the live entertainment sector, Oppenheimer said Friday in a note to clients.
The company will likely deliver double-digit adjusted operating income growth this year due to "accelerating fan/ticketing trends, greater show supply, and expanding Venue Nation impact," the investment firm said.
Also, even amid recent foreign exchange headwinds, "early indicators for consumer service companies imply a favorable back-drop for live events and travel," the note said.
Additionally, while the US Department of Justice antitrust case against Live Nation and its Ticketmaster unit appears to be bipartisan, Oppenheimer is "assigning a higher likelihood of a settlement" before the 2026 trial, as the new Trump administration may have a "fresh look" into the case.
Oppenheimer kept its outperform rating on Live Nation and has a $155 price target on the company.
Price: 139.88, Change: +0.70, Percent Change: +0.50