In a report released today, Scott Devitt from Stifel Nicolaus maintained a Hold rating on Eventbrite Inc (EB), with a price target of $28. The company’s shares closed yesterday at $32.42.
Devitt noted:
“We maintain our Hold rating and reduce our price target to $28 after lowering our intermediate-term revenue estimates.”
According to TipRanks.com, Devitt is a top 100 analyst with an average return of 21.3% and a 69.5% success rate. Devitt covers the Technology sector, focusing on stocks such as Paypal Holdings, Alphabet Inc, and Mercadolibre.
The word on The Street in general, suggests a Hold analyst consensus rating for Eventbrite Inc with a $28 average price target.
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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 229K.
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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.