In a report released yesterday, Scott Devitt from Stifel Nicolaus maintained a Buy rating on Eventbrite Inc (EB), with a price target of $33. The company’s shares closed yesterday at $30.98.
Devitt observed:
“We believe the company sits in an attractive position in the middle segment of the event ticketing landscape with a strong opportunity to drive growth through ongoing category and country penetration/ expansion, product innovation, partnership efforts, M&A activity, and healthy creator retention. We maintain our Buy-rating with a $33 PT.”
According to TipRanks.com, Devitt is a top 100 analyst with an average return of 19.0% and a 64.3% success rate. Devitt covers the Technology sector, focusing on stocks such as Paypal Holdings, Alphabet Inc, and Mercadolibre.
Eventbrite Inc has an analyst consensus of Moderate Buy, with a price target consensus of $31.60.
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The company has a one-year high of $40.25 and a one-year low of $24.67. Currently, Eventbrite Inc has an average volume of 796K.
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Eventbrite, Inc. operates a self-service ticketing platform. It provides event management services encompassing online ticketing, event hosting, organization, promotion and advertising. The company was founded by Alan Michael Braverman, Renaud Visage, Kevin E. Hartz and Julia Hartz in 2006 and is headquartered in San Francisco, CA.
