Guggenheim lowered the firm’s price target on StubHub (STUB) to $16 from $19 and keeps a Neutral rating on the shares after the company reported Q3 results. The September pull-forward is compounding an already tough Q4 comp set-up and management did not provide any Q4 outlook, along with punting 2026 guidance to next year, notes the analyst, who reduced the firm’s revenue, GMS, and adjusted EBITDA outlook for Q4.
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