Northland starts Venu Holding at Outperform, sees ‘attractive growth trajectory’

As previously reported, Northland initiated coverage of Venu Holding (VENU) with an Outperform rating and $15 price target Venu builds live music venues by collaborating and partnering with municipalities, notes the analyst, who believes the company is in the early innings of replicating its success after the successful launch of its flagship Ford Amphitheater. The firm sees an “attractive growth trajectory” as the company plans to expand to 10 new markets over the next five years and likes the structuring of Venu’s financing for new developments, the analyst tells investors.