As previously reported, BofA downgraded Vivid Seats (SEAT) to Underperform from Buy with a price target of $2.60, down from $6.25. The firm noticed a “tonal shift” on management’s 2025 outlook for live events as the industry has now trended negative for the last six weeks from double-digit growth at the start of 2025, notes the analyst. In addition, persistent competition is weighing on growth and share and competitive intensity is not expected to change in 2025, the analyst tells investors.
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