Vivid Seats price target lowered to $4 from $5 at Piper Sandler

Piper Sandler lowered the firm’s price target on Vivid Seats (SEAT) to $4 from $5 and keeps a Neutral rating on the shares following September quarter results “slightly ahead of subdued expectations”. Vivid Seats is navigating the difficult backdrop to the best of its abilities, according to the firm. However, Piper said it would prefer to see signs of upside estimate momentum before getting constructive.