StubHub price target lowered to $20 from $23 at Oppenheimer

Oppenheimer analyst Jason Helfstein lowered the firm’s price target on StubHub (STUB) to $20 from $23 and keeps an Outperform rating on the shares. Despite Q3 beat, the firm notes the company is not guiding Q4 outlook, which is being impacted by timing of concert sales, along with headwinds from all-in pricing and tough comparable sales from Taylor Swift/World Series. While Oppenheimer expects robust FY26 guidance on the Q4 call, there is no visible positive catalyst before then.