Vivid Seats price target raised to $15 from $14 at Benchmark

Benchmark raised the firm’s price target on Vivid Seats to $15 from $14 and keeps a Buy rating on the shares following what the firm calls “another outstanding quarter.” Management raised the midpoint of FY23 guidance by at least as much as the beat plus acquisition impact, highlighting incremental confidence in the remainder of the year, says the firm, which adds that it still suspects new guidance is “conservative.”