Eventbrite initiated with a Buy at B. Riley

B. Riley analyst Naved Khan last night initiated coverage of Eventbrite with a Buy rating and $13 price target. Eventbrite is a leading ticketing platform for live events and its “sizable and growing” base of creators positions it to benefit from growth in demand for experiences, the analyst tells investors in a research note. The firm also believes the company’s growing focus on demand generation and marketing tools for creators positions the platform for sustained double-digit revenue growth.