Craig-Hallum notes that The Information reported that StubHub has “ambitious hopes” to list its shares at a $16.5B valuation via a late summer IPO. While the analyst argues that this valuation is “aspirational” given market conditions, the firm also contends that it highlights “how undervalued Vivid Seats shares are” currently. The firm reiterates Buy rating and $10 price target on Vivid Seats shares.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SEAT:
- Vivid Seats Honored as one of Fast Company’s World’s Most Innovative Companies of 2024
- Vivid Seats to Participate in Canaccord Genuity’s eCommerce Sustainable Advantage Forum
- Vivid Seats Inc. Is Worried About This – Should You Be Worried Too?
- Largest borrow rate increases among liquid names
- Vivid Seats price target lowered to $8 from $10 at RBC Capital
