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      After Recent Analyst Upgrades, Live Nation Stood Firm (LYV)

      By Fahim Awan

      Published on

      October 27, 2023

      2:20 PM UTC

      After Recent Analyst Upgrades, Live Nation Stood Firm (LYV)

      Live Nation Entertainment, Inc. (NYSE: LYV) exhibited a modest uptick during Thursday’s trading session, culminating in a closing price of $78.10, marking a 0.51% increase. This rise in the Live Nation stock is attributable to a notable analyst endorsement. Specifically, on Thursday, Evercore ISI upgraded its recommendation for LYV stock to “OUTPERFORM” from its previous “IN-LINE” stance. It is noteworthy, however, that the analyst firm has retained a price target of $100 for LYV stock.

      On the same day, Live Nation (LYV) made a noteworthy announcement regarding its participation in the 2023 Liberty Investor Meeting, scheduled for Thursday, November 9, 2023. During this event, LYV intends to deliver a comprehensive investor presentation at 1:00 p.m. PT.

      This presentation is anticipated to encompass discussions regarding Live Nation’s financial performance, operational prospects, and other forward-looking aspects. Furthermore, preceding this event, Live Nation is set to unveil its third-quarter financial results after the close of the market on Thursday, November 2, 2023.

      In a parallel development, a Live Nation-affiliated enterprise, known as Veeps, recently introduced “Veeps All Access.” Veeps stands as the foremost hub for real-time and requested performances, and “Veeps All Access” emerges as a groundbreaking membership offering, granting devotees boundless entry to all live exhibitions, on-request material, and artist-exclusive elements on the Veeps platform.

      The unveiling of “Veeps All Access” signifies a dedicated push to expand the scope of live music and amusement to a broader populace, permitting admirers to undergo their treasured musicians, even when they aren’t actively touring nearby. This subscription provision furnishes an economical alternative for enthusiasts to approach and relive full-capacity spectacles and cherished concerts from the solace of their residences.

      By offering this comprehensive subscription package, Veeps is fostering accessibility and discovery, enabling fans to connect with a diverse array of artists and their respective fan communities. “Veeps All Access” is designed to cater to anyone seeking to enjoy top-tier live entertainment from any location, all within a unified platform and at a single, all-inclusive price point, for the first time.

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