BofA analyst Curtis Nagle lowered the firm’s price target on Vivid Seats (SEAT) to $1.55 from $2.60 and keeps an Underperform rating on the shares. For 2025, the firm lowered its GOV estimate by 14% and marketplace revenue by 15%, reflecting slightly lower take rates, and its EBITDA projection by 32% with Q2 and Q3 flagged as likely to be the softest quarters.
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Read More on SEAT:
- Vivid Seats price target lowered to $3 from $5 at Maxim
- Vivid Seats price target lowered to $3 from $6 at Benchmark
- Vivid Seats: Buy Rating Amid Competitive Challenges and Long-term Recovery Potential
- Vivid Seats price target lowered to $4 from $5 at Canaccord
- Vivid Seats Faces Financial Strain Amid Declining Order Value and Rising Costs, Analyst Recommends Sell
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