StubHub Stock News

StubHub Holdings (STUB) is rated a buy, driven by its leadership in the secondary ticket marketplace and expansion into primary ticketing. STUB benefits from a massive, growing TAM, strong brand trust, and a network effect that widens its competitive moat and lowers customer acquisition costs. Growth catalysts include the Direct Issuance initiative for primary ticketing and a high-margin advert...

Goldman Sachs analysts believe StubHub Holdings Inc (NYSE: STUB) is “positively levered” to the large and growing ticketing market.  In a note to clients on Monday, they initiated coverage of the global online ticket platform with a ‘Buy' rating and a 12-month target price of $46 per share.

StubHub may be best known as the resale site where fans offload concert or sports tickets, but Wedbush thinks the company's next act could be much bigger. The bank has initiated coverage with an “outperform” rating and a $25 price target, arguing that StubHub is evolving from a pure resale marketplace into a diversified ticketing platform with a credible shot at disrupting the primary market.

Shares of StubHub Holding Inc (NYSE:STUB) are 3.5% higher to trade at $19.86 this morning, as a slew of analysts move in with bull notes on the equity.

StubHub stock jumped after multiple Wall Street analysts started their coverage of the company with a positive views.

StubHub Holdings' shares rose nearly 5% in premarket trading on Monday, as Wall Street analysts backed the ticketing platform's potential for long-term growth despite the stock's rocky debut last month.