Vivid Seats price target lowered to $6 from $8 at Benchmark

Benchmark lowered the firm’s price target on Vivid Seats (SEAT) to $6 from $8 and keeps a Buy rating on the shares. Vivid Seats reported “a relatively strong end to the year, but “it did not matter” as the 2025 guidance came in well below the Street at the midpoint and “only just barely touched consensus with the high-end of the range,” the analyst tells investors. Commentary that management intended to spend incremental dollars to defend their share in a highly competitive market, was taken by investors to mean that a near-term deal was not on the table, adds the analyst. However, Vivid “clearly has enough cash and cash flow to weather the storm” and the firm thinks “something eventually has to break here,” the analyst tells investors.