LIVE NATION STOCK: ROBUST RECOVERY AHEAD?

An investment analyst is projecting a financial recovery for Live Nation after the conclusion of the COVID-19 pandemic that could see the stock price doubling within three years.

Christine Jurzenski of Avenir Capital wrote for Sum Zero and Barron’s, “This unprecedented occurrence gives investors the opportunity to purchase a high-quality business at 2017 valuations. … Live Nation will be worth $85 per share when the business normalizes and shares return to their five-year average forward Ebitda multiple of 15x. That implies more than 100% upside over two years.”

The stock markets are closed today for Good Friday. Live Nation closed Thursday at $38.27. Read the report here.