Evercore ISI analyst Mark Mahaney initiated coverage of StubHub (STUB) with an Outperform rating and $29 price target With a dominant position in the secondary ticketing market, StubHub will be able to establish a “formidable entry into the materially larger primary ticketing market,” the analyst tells investors in a research note. The firm estimates the company is 5% penetrated into its total ticketing addressable market of $190B.
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Read More on STUB:
- StubHub’s Growth Prospects and Attractive Valuation: A Buy Recommendation by Doug Anmuth
- StubHub Holdings: Strong Market Position and Growth Potential Justify Buy Rating
- StubHub initiated with an Outperform at BMO Capital
- StubHub initiated with a Buy at Goldman Sachs
- Stubhub Holdings, Inc. call volume above normal and directionally bullish