BofA starts StubHub with a Buy, identifies three near-term catalysts

BofA analyst Justin Post initiated coverage of StubHub (STUB) with a Buy rating and $25 price target The firm expects “healthy” Resale market growth and share gains for North America’s largest secondary ticket marketplace with close to 50% share. The firm also forecasts Ad initiatives to drive revenue growth “well above” other Internet marketplaces, the analyst tells investors. BofA identifies three near-term catalysts – the introduction of Ads, team deals, and the U.S. World Cup – that could drive optimism on future growth, the analyst added.