Vivid Seats added to ‘Tactical Outperform’ list into earnings at Evercore

Evercore ISI analyst Shweta Khajuria added Vivid Seats to the firm’s "Tactical Outperform" list ahead of the company’s quarterly results. The firm does not see meaningful risk to current Street estimates, and notes the shares have traded off 9% year-to-date. The company’s Q4 estimates look reasonable and fiscal 2023 estimates "look bracketable," the analyst tells investors in a research note. The firm finds Vivid’s valuation "very reasonable" at current levels and keeps an In-Line rating on the name with an $8 price target.