LYV Price Prediction Next Week
Technical Analysis: Live Nation Entertainment (LYV) shows mixed technical signals based on recent price action and indicators:
- RSI-14 at 59.88 indicates neutral momentum, though approaching overbought territory
- MACD (12,26,9) shows positive momentum with MACD line at 4.12, but histogram turning slightly negative (-0.11)
- Price is trading above all major moving averages (5,10,20,60,200-day SMAs), indicating strong overall uptrend
- Bollinger Bands show price near the upper band (160.71) with 56% bandwidth, suggesting potential for continued upside
Price Targets for Next Week:
Based on Fibonacci levels and technical indicators:
- Support levels: $146.03 (S1), $142.92 (S2)
- Resistance levels: $156.09 (R1), $159.20 (R2)
- Pivot point: $151.06
News Sentiment & Analyst Views:
- Guggenheim raised price target to $170 from $155, maintaining Buy rating
- Goldman Sachs maintains Buy rating with $166 target
- Strong analyst consensus with average price target of $169.60, implying 13.52% upside
- Company reported Q4 revenue of $5.68 billion, beating consensus of $5.63 billion
Price Prediction & Recommendation: Given the technical setup and positive analyst sentiment, LYV is likely to test R1 ($156.09) next week. The stock shows strong momentum but may face resistance around $157-158 level where recent selling pressure emerged.
Recommendation: BUY with entry around $149-150 level Target: $156 Stop Loss: $146
The stock appears positioned for continued upside based on strong fundamentals and technical setup, though traders should be mindful of broader market conditions affecting momentum stocks.
LYV Similar Chart Price Prediction
The price of LYV is predicted to go up -1.19%, based on the high correlation periods with HRMY. The similarity of these two price pattern on the periods is 99.25%.
LYV
HRMY
Down: -1.19%Similarity: 99.25%
LYV Revenue Forecast
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LYV VS S&P500
Ticketmaster holds a dominant position in the ticketing space that it reinforces with relatively high levels reinvestment in technology.
The concert flywheel continues to spin, generating higher ticket fees and growth in advertising revenue.
Live Nation is the largest purveyor of live entertainment in the world, and it continues to add venues faster than its peers.
LYV Analyst's Forecast
Matthew Harrison
Benchmark
Strong Buy
2025-02-21
Price Target
$160 → $178
Upside
+19.14%
Benchmark raised the firm's price target on Live Nation (LYV) to $178 from $160 and keeps a Buy rating on the shares based on last night's "good results" and "more significantly evident likelihood for a record 2025 concert year." Despite numerous questions relating to the consumer after yesterday's Walmart (WMT) selloff, Live Nation reported that U.S. stadium and arena tours are selling through over 75% in the first week, with artists averaging double digit growth in tickets and revenues per show, the analyst noted.
Eric Handler
Roth MKM
Strong Buy
2025-02-21
Price Target
$152 → $174
Upside
+16.47%
David Karnovsky
JP Morgan
Buy
2024-12-12
Price Target
$137 → $150
Upside
+10.42%
