Benchmark analyst Daniel Kurnos lowered the firm’s price target on Vivid Seats (SEAT) to $18 from $26 and keeps a Buy rating on the shares. Vivid finished up Q3 with another GOV and EBITDA miss while also announcing a CEO transition, the analyst noted. Even though the stock ended up down 11% on the day, the firm thinks “it could have been much worse had investors not at least bought into the potential that this change in direction could actually spark a turnaround in growth,” the analyst added.
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Read More on SEAT:
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