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Evercore ISI Group Maintains Outperform on Stubhub Holdings, Lowers Price Target to $14
Evercore ISI Group analyst Mark Mahaney maintains Stubhub Holdings (NYSE:STUB) with a Outperform and lowers the price target from $15 to $14.
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TD Cowen Maintains Buy on Stubhub Holdings, Lowers Price Target to $12
TD Cowen analyst John Blackledge maintains Stubhub Holdings (NYSE:STUB) with a Buy and lowers the price target from $16 to $12.
Why StubHub Holdings Stock Crashed This Week
StubHub stock plummeted 16.8% after reporting record Q2 revenue of $573 million (up 33% YoY) but remaining unprofitable with a net loss of $40,000. Despite a World Cup boost, expenses surged 37%, outpacing revenue growth. The company's conservative full-year guidance and concerns about customer complaints regarding refunds and fraudulent tickets prompted Wall Street downgrades, with BofA Securities downgrading the stock to underperform with a $7.50 price target.