F1 inks a 10-year global sponsorship deal with LVMH
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 03 2024
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Source: Yahoo Finance
Partnership Announcement: Liberty Media's Formula One and luxury group LVMH have entered a 10-year partnership starting with the next F1 season, focusing on hospitality, bespoke activations, and content creation.
Growth in Sponsorship: Analysts view this collaboration as a sign of increasing sponsorship interest in F1, with LVMH integrating its luxury brands into the partnership to enhance their reach in popular sports.
Analyst Views on LLYVK
Wall Street analysts forecast LLYVK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LLYVK is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 81.850
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Current: 81.850
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About LLYVK
Liberty Live Group would be engaged in the operations of Live Nation, and Liberty Media's strategy for that group is to maximize the value of its investment in that company and the other assets attributed to the Liberty Live Group and to use the new Liberty Live common stock to make strategic acquisitions or for other capital raising initiatives.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
