BofA lowered the firm’s price target on Vivid Seats (SEAT) to $8 from $20 and keeps an Underperform rating on the shares. The firm notes Q3 metrics were impacted by competition, with GOV contracting -29% year-over-year. Management’s initial 2026 outlook is for $2.2B-$2.6B in GOV, with the midpoint well below Street’s prior estimate of $2.8B. For Q4, BofA lowers its GOV/revenue estimate by 12%/10% to $705M/$149M, reflecting continued competitive pressures and marketplace take rates compressing year-over-year.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SEAT:
- Vivid Seats: Navigating Leadership Changes and Strategic Cost-Saving Amidst Competitive Challenges
- Vivid Seats reports Q3 revenue $136.4M, consensus $131.38M
- Vivid Seats Appoints Lawrence Fey as New CEO
- Vivid Seats launches ‘Lowest Price Guarantee’ program
- Vivid Seats downgraded to Neutral from Buy at Citi