Maxim Group analyst Tom Forte has maintained their bullish stance on SEAT stock, giving a Buy rating yesterday.
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Tom Forte has given his Buy rating due to a combination of factors including the company’s recent financial performance and strategic changes. Despite Vivid Seats reporting a decline in profitability, the top-line results exceeded expectations, indicating a resilient business model. The appointment of a new CEO, previously the CFO, is seen as a positive step towards stabilizing and potentially improving the company’s operational performance.
Furthermore, the easing of competitive pressures, particularly following StubHub’s IPO, is expected to benefit Vivid Seats. Although the company’s guidance for 2026 profitability is lower than anticipated, the resumed guidance and sufficient capital reserves provide confidence in its ability to sustain operations and growth. The stock’s current valuation, trading at a discount compared to its peers, combined with the strategic management changes, supports the Buy rating, even as the price target is adjusted to reflect revised financial projections.
In another report released yesterday, Benchmark Co. also maintained a Buy rating on the stock with a $18.00 price target.
SEAT’s price has also changed dramatically for the past six months – from $1.760 to $10.550, which is a 499.43% increase.