Live Nation Entertainment (LYV) is showing its ability to deliver durable growth after executing through regulatory scrutiny and material changes to its ticketing platform, Morgan Stanley said in a Friday note.

"We reiterate our OW rating and constructive view toward LYV as a market leader in an AI-proof, and cyclically resilient, industry," the report said. OW refers to overweight.

The note said Live Nation remains the market leader amid insulation from AI risk, and consumer demand for live events continues to be strong, positioning it to grow profit at a double-digit compound annual growth rate for the next several years.

This is apparent in the double-digit earnings growth posted by the company in 2025, while underlying trends at the start of the year have given it confidence to provide annual guidance earlier than usual, the note said.

The antitrust case against Live Nation and Ticketmaster by the US Department of Justice continues to evolve, but the recent ruling to dismiss monopoly allegations in the concert promotion

business reduces a break-up risk, the report said.

Morgan Stanley raised its price target to $185 from $170.

Price: 166.06, Change: +8.60, Percent Change: +5.46