In a report released today, Brad Erickson from RBC Capital maintained a Hold rating on Vivid Seats (SEAT – Research Report), with a price target of $8.00. The company’s shares closed yesterday at $5.41.
Erickson covers the Consumer Cyclical sector, focusing on stocks such as Carvana Co, Amazon, and Booking Holdings. According to TipRanks, Erickson has an average return of 18.9% and a 53.54% success rate on recommended stocks.
Currently, the analyst consensus on Vivid Seats is a Moderate Buy with an average price target of $9.00, a 66.36% upside from current levels. In a report released on April 23, Morgan Stanley also maintained a Hold rating on the stock with a $7.00 price target.
Based on Vivid Seats’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $188.13 million and a net profit of $690 thousand. In comparison, last year the company earned a revenue of $130.54 million and had a net profit of $18.76 million
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Vivid Seats (SEAT) Company Description:
Horizon Acquisition Corp is a blank check company.
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