FMP
Sep 23, 2025 4:06 PM - Stuart Mooney
Image credit: Google Images
Live Nation Entertainment (NYSE:LYV) is a prominent player in the live entertainment industry, known for its concert promotions and ticketing services through its subsidiary, Ticketmaster. On September 23, 2025, David Joyce from Seaport Global set a price target of $190 for LYV, suggesting a potential upside of about 16% from its then trading price of $163.82.
However, Live Nation is currently facing legal challenges. The Federal Trade Commission (FTC), along with seven states, has filed a lawsuit against Ticketmaster and Live Nation. The lawsuit accuses them of illegal ticket resale practices, including selling tickets obtained by brokers at marked-up prices, as highlighted by Fast Company. This legal action could impact investor sentiment and the stock's performance.
The lawsuit claims that Ticketmaster violated the FTC Act and the Better Online Ticket Sales Act (BOTS Act) by allowing brokers to purchase tickets in quantities exceeding artists' limits. These tickets were then resold at a significant markup, misleading consumers and artists about prices and policies. This has raised concerns about the company's business practices and their effect on the entertainment industry.
Despite these challenges, Live Nation's stock is currently trading at $163.57, reflecting a slight decrease of approximately 0.96% or $1.58. The stock has seen fluctuations, trading as low as $163.49 and as high as $166.13 today. Over the past year, LYV has reached a high of $175.25 and a low of $104.80, with a market capitalization of approximately $37.94 billion.
The trading volume for LYV today is 355,067 shares on the NYSE. As the legal proceedings unfold, investors will be closely monitoring the situation to assess its potential impact on Live Nation's financial performance and stock price.
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