Hamed Khorsand, an analyst from BWS Financial, maintained the Buy rating on Eventbrite (EB – Research Report). The associated price target is $7.00.
Hamed Khorsand has given his Buy rating due to a combination of factors including Eventbrite’s strategic initiatives and recent performance. The company has declared 2025 as a transition year, following two years of changes, suggesting that it is still in the process of stabilizing and improving its operations. The reintroduction of free event listings and a partnership with TikTok have positively impacted event listings, user traffic, and ticket volume, indicating a potential for growth.
Additionally, Eventbrite’s fourth-quarter revenue was slightly above expectations, reaching the high end of its guidance range. Although the company’s adjusted EBITDA is currently reduced, which limits its ability to generate free cash flow as it did in 2024, it lays the groundwork for a stronger business by 2026. The challenge remains for Eventbrite to successfully execute its plans after previous transition struggles, but these efforts are seen as steps toward a healthier future.
EB’s price has also changed moderately for the past six months – from $3.080 to $2.440, which is a -20.78% drop .