LIVE Nation - LINE charting --- needs to get to $48 and above --- to sustain the pattern UPWARDS. from what I see.
IN MY OPINION.
$53.00 TARGET for now..... hopefully...if it can sustain the pattern... Based on 6 analysts offering 12 month price targets for Live Nation Entertainment in the last 3 months. The average price target is $53.00 with a high forecast of $78.00 ___________________________________
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**********************THERE IS ONE MAJOR PROBLEM WITH THIS STOCK THOUGH THAT IS PERPLEXING --- HOW CAN THEY hold venues in the near future with crowds in concerts and stadiums??? if no vaccine or medicine is found? What costs would they need to implement this social distancing for now?? ------------ really uncertain times...
This company was not profitable prior to COVID-19... more and more articles surfacing re: social distancing through 2021. You may need to grab a Snickers if you're expecting $53...
eziolisi_Investments
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@lordofthebags, YES I AGREE ----- that it wont... anytime soon.
Perhaps you misunderstood what I said. LINE charting --- I said that it needs and must get to $48 and above --- to sustain any pattern UPWARDS....from what I see.
(The Target written was only IF it was able to climb above it... and it came from New York Analysts opinions.)
I AGREE as an update.
IN MY OWN OPINION I NOTED MY UPDATE ----- CAN BE DIFFICULT TO KEEP MOVING UPWARDS WITH NO CONCERTS OR STADIUMS WITH PEOPLE --- They are desparating hoping for a vaccine in my opinion.... eventually it will happen to some degree --- BUT when??? This stock will hurt without it.....IMO
Thanks for your thoughts!
be safe.
kpfady881
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Excited! Thanks
eziolisi_Investments
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@kpfady881, I would be VERY cautious in the short term here..... (with no vaccine).....even though there is some movement moving upward -------- IF they can survive with NO shows / concerts / staidums, NOT REALLY SURE WHAT THEY WILL DO to get any business $$$$$ ----- it is the entertainment business ---- but really uncertain how they can do anything without a VACCINE in place so everything is fine in BIG CROWDS.
@eziolisi, thanks ill check it out. Live nation looked good but swift and Beiber are canceling shows for the rest of the year kind of scares me away. Maybe wait until big names start booking shows again. idk this could last until 2021 and lYV could survive but the price would drop.