Zacks: Brokerages Set $32.50 Price Target for Eventbrite Inc (EB)
Eventbrite Inc (NYSE:EB) has been assigned an average broker rating score of 2.25 (Buy) from the four analysts that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company.
Brokerages have set a 12-month consensus price objective of $32.50 for the company and are anticipating that the company will post ($0.48) earnings per share for the current quarter, according to Zacks. Zacks has also given Eventbrite an industry rank of 81 out of 255 based on the ratings given to related companies.
EB has been the subject of several recent analyst reports. Stifel Nicolaus assumed coverage on shares of Eventbrite in a report on Monday. They issued a “buy” rating and a $32.00 target price for the company. Royal Bank of Canada assumed coverage on shares of Eventbrite in a report on Monday. They set an “outperform” rating and a $37.00 price target for the company. Goldman Sachs Group assumed coverage on shares of Eventbrite in a report on Monday. They set a “neutral” rating and a $28.00 price target for the company. SunTrust Banks assumed coverage on shares of Eventbrite in a report on Monday. They set a “hold” rating and a $30.00 price target for the company. Finally, JPMorgan Chase & Co. assumed coverage on shares of Eventbrite in a report on Monday. They set a “neutral” rating and a $31.00 price target for the company.
Eventbrite Company Profile
Eventbrite, Inc operates as a technology platform worldwide. Its platform integrates components needed to plan, promote, and produce live events that allow creators to reduce friction and costs, increase reach, and drive ticket sales. The company was formerly known as Mollyguard Corporation and changed its name to Eventbrite, Inc in 2009.
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