CTS Eventim Shares Reach Record High, Company Valued At $5.5 Billion

CTS Eventim
– CTS Eventim
CEO Klaus-Peter Schulenberg

CTS Eventim’s shares are more sought after than ever in the company’s history, after the German live entertainment giant published positive half-year results.

Today, Aug. 23, a CTS Eventim share was worth €53.05 ($58.80), giving the company a market value of €5 billion ($5.5 billion) – a new company record.
And while the share price had dropped slightly to €51.20 at the time of writing, it still remains above the €50 mark.
CTS Eventim seems unstoppable right now. Some market experts in Germany think there’s still room for growth up to €56 per share, while others say it eventually level off at €48.
However, all of them unsurprisingly recommend that stock owners hold on to their shares.