Guggenheim just got a buy rating on StubHub. Bets with a $12.50 price target on the rise of live events
Quick reading Guggenheim initiated coverage of StubHub (STUB) with a Buy rating and a $12.50 price target, betting on enduring demand for live events and tailwinds in global ticket sales. StubHub’s swinging first-quarter profitability and EBITDA growth of 50% support the bullish case, although risks from high leverage and consumer confidence warrant careful position sizing….