Eventbrite Analyst Predicts Attractive Risk-Reward, 'Meaningful Margin Expansion'
Portfolio Pulse from Priya Nigam
Shares of Eventbrite Inc (NYSE:EB) spiked ahead of the company’s quarterly report. KeyBanc Capital Markets analyst Justin Patterson upgraded the rating for Eventbrite from Sector Weight to Overweight, while keeping the price target unchanged at $14. Patterson predicts that the scaling of demand generation products will support more than 20% of the company’s annual revenue growth through 2025 and lead to meaningful margin expansion.
July 27, 2023 | 3:19 pm
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Eventbrite's stock rating was upgraded by KeyBanc analyst Justin Patterson, predicting a 20% annual revenue growth through 2025 and margin expansion.
The upgrade in rating by a KeyBanc analyst, along with the prediction of a 20% annual revenue growth and margin expansion, is likely to have a positive impact on Eventbrite's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100