Morgan Stanley analyst Cameron Mansson-Perrone lowered the firm’s price target on Vivid Seats (SEAT) to $3.75 from $4.60 and keeps an Equal Weight rating on the shares. Pressured growth at Vivid Seats reinforces that competition in secondary ticketing remains elevated and the company’s initial 2025 outlook offers “a wide range of outcomes,” which suggests a wide risk/reward, the firm says. Limited near-term growth presents “a challenging backdrop for shares to re-rate,” the analyst tells investors.
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