StubHub drops as profit forecast misses expectations, draws BofA downgrade
STUB•BofA Global Research cuts rating and price target
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Brokerage BofA Global Research downgraded STUB to "underperform" from "neutral" and cut its price target to $7.5 from $11.
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"Near-term, ticketing sales could rebound from August lows and drive upside, but we also see risk to 2027 estimates (which assume further marketing leverage)," the brokerage said.
StubHub shares fall after 2026 EBITDA forecast comes in below expectations
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Shares of ticket-reselling platform StubHub Holdings STUB.N fell 12.7% to $7.5 in morning session.
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On Wednesday, after markets closed, the company raised its adjusted EBITDA forecast for 2026 to $420 million, below analysts' expectation of $457.34 million, according to data compiled by LSEG.
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Including the session's move, the stock is down 44.4% year to date.
