Eventbrite shares are trading lower after the company reported worse-than-expected Q2 revenue results and issued Q3 and FY24 revenue guidance below estimates. KeyBanc and Piper Sandler downgraded the stock following the report.
Portfolio Pulse from Benzinga Newsdesk
Eventbrite shares are trading lower after the company reported worse-than-expected Q2 revenue results and issued Q3 and FY24 revenue guidance below estimates. KeyBanc and Piper Sandler downgraded the stock following the report.
August 09, 2024 | 2:19 pm
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Eventbrite shares are trading lower due to disappointing Q2 revenue results and lower-than-expected Q3 and FY24 revenue guidance. KeyBanc and Piper Sandler downgraded the stock.
The company's worse-than-expected Q2 revenue results and lower guidance for Q3 and FY24 are likely to negatively impact investor sentiment. The downgrades by KeyBanc and Piper Sandler further reinforce the negative outlook, leading to a likely short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100