DA Davidson assumed coverage of Vivid Seats with a Buy rating and $7 price target. Vivid competes primarily in the U.S. secondary market, though the company has broadening geographic and product ambitions, says the analyst, who adds that the company’s focus on buyer loyalty and intra-event engagement drives “strong cohort repeat rates.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SEAT:
- Vivid Seats to Participate in William Blair’s 2024 Growth Stock Conference
- Vivid Seats price target raised to $9 from $7 at Maxim
- Vivid Seats price target lowered to $10 from $12 at Canaccord
- Vivid Seats participates in a conference call with Craig-Hallum
- Vivid Seats sees FY24 revenue $810M-$840M, consensus $824.26M