BUZZ - StubHub shares rise after Citigroup upgrades rating to "Buy"
路透社2026/09/18 12:06September 18 - ** Ticketing platform StubHub (STUB.N) shares rose 4.5% in pre-market trading to $6.21
** Citigroup raised its rating on the stock from "Neutral" to "Buy"; target price cut from $9 to $7
** Citigroup said some investors are skeptical about the company’s increased EBITDA forecast, stating “given the positive impact from the World Cup in the first half of 2026,” but “based on strong APP downloads in Q3 2026, we believe the company will report better-than-expected adjusted EBITDA for Q3 2026, bringing its full-year adjusted EBITDA close to the high end of company’s guidance,” according to Citigroup
** Earlier this month, the company raised its adjusted EBITDA forecast for 2026 to $420 million, below analysts’ expectation of $457.34 million — data compiled by London Stock Exchange Group (LSEG)
** As of the previous trading day’s close, the company’s share price had fallen by 56.1% year-to-date
(To assist non-native English speakers, Reuters provides automated translations of its reports into several other languages. As automated translations may contain errors or lack the required context, Reuters does not guarantee the accuracy of these translated texts. They are provided solely for the convenience of readers. Reuters will not be liable for any damage or loss arising from the use of automated translation features.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
IT Tech Packaging auditor HCL resigns, company seeks replacement
As US Treasury yields rise, the cost of borrowing short-term Treasuries surges, with traders aggressively building short positions
The US Treasury will conduct auctions of two-year, five-year, and seven-year Treasury bonds next week. Currently, traders are racing to borrow bonds to short them, driving the borrowing costs for short-term Treasuries sharply higher. On Friday, the overnight repo rate for borrowing the current two-year Treasury was about 0.79%, while the rate for the five-year even dropped to as low as -0.85%. In contrast, the repo rate for regular Treasuries was around 3.88%.
Concentrix EVP Cormac Twomey to step down effective Dec. 31, 2026
Accenture, Anthropic To Build Embedded AI Evaluator Team
