Deutsche Bank is standing by its bullish stance on Live Nation Entertainment . The bank maintained its buy rating on the entertainment stock. It also lowered its price target to $160 per share from $173, still implying upside ahead of approximately 23%. Shares of Live Nation have added less than 1% this year. The stock has crumbled 25% since its September highs of the year, opening up an attractive entry point for investors, wrote analyst Benjamin Soff. LYV YTD mountain LYV YTD chart “We believe this decline in LYV is overdone. Live Nation now trades at 15.4x on our updated 2026 AOI estimates, which is inexpensive (in our view) relative to the sustainable double digit AOI growth we believe the business can deliver for the foreseeable future,” he wrote. The analyst said that he remains constructive around the outlook for Live Nation’s concert business next year, forecasting positive growth across different regions and venues. Increasing penetration in international markets supports the increase in Live Nation’s multi-year target for total fans to 225 million, up from 200 million. Soff also sees growing opportunity coming from new venue builds, which could be a meaningful driver of margin expansion and adjusted operating income for concerts. “The multi-year opportunity remains healthy and continues to expand,” he wrote. “For context, Live Nation’s pipeline of 48 large venue builds is expected to add 22M new fans by 2029 and 29M by 2031 (as of this time last year, Venue Nation’s pipeline contained 35 large venues and was expected to add 20M run-rate fans by 2029).”
