Eventbrite price target lowered to $11 from $17 at Truist

Truist lowered the firm’s price target on Eventbrite to $11 from $17 but keeps a Buy rating on the shares. The company reported “mixed” Q4 results with lower ticket volume growth, negatively impacted by the implementation of organizer fees, the analyst tells investors in a research note. With its re-vamped sales force and enhanced product offering however, Eventbrite’s Q1 should be the trough for revenue and paid ticket growth and for margins, the firm added.