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Eventbrite initiated with a sector weight at KeyBanc

Jul. 13, 2022 12:20 PM ETEBBy: Pranav Ghumatkar, SA News Editor
  • KeyBanc analyst Justin Patterson initiated coverage of Eventbrite (EB) with a Sector Weight rating and no price target.
  • He believes Eventbrite emerged from the pandemic with an improved operating structure, but current Street forecasts "appear overly aggressive" for 2022-2024 and the current valuation appears fair, Patterson said.
  • Eventbrite's SA Quant Rating stands with a Hold whereas, Wall St. Analysts Rating says Buy (2 Very Bullish).
  • Since the start of 2022, Eventbrite's shares were down around 41%, and over a period of one year, shares were down around 40%.
  • Shares are currently -2.92% to $10.06 today.

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