Roth/MKM Starts Ticketplus (TP) at Buy

Roth/MKM analyst Eric Handler initiates coverage on Ticketplus (NYSE: TP) with a Buy rating and a price target of $14.00.

The analyst comments: “Ticketplus is the leading end-to-end technology solutions company for live events in the fast-growing, highly fragmented Latin American market. In a rapid growth period, Gross Merchandise Value (GMV) and revenue are forecast to increase at four-year CAGRs of 62% and 35%, respectively, with an EBITDA margin in the mid- to high-30% range. Positive secular tailwinds, significant geographic expansion, and a dual revenue stream are aiding growth. Our $14 PT is based on 8x our 2027E EBITDA, a significant discount to its growth and to publicly traded comparables.

Chilean based Ticketplus has evolved over the last 12 years from a local ticketing platform into a leading pan regional events management platform that managed ~40k events in 2025, selling more than 10.2mn tickets with a GMV of $270mn+. The company's operations stretch across 11 Latin American countries serving ~2,800 promoters and venues with an emphasis on hyper-local/regional events. Services offered range from ticket distribution, payment processing, and analytics to venue access and on-site operations. Expansion to 25 Latin American countries is anticipated by 2030.”

For an analyst ratings summary and ratings history on Ticketplus click here. For more ratings news on Ticketplus click here.

Shares of Ticketplus closed at $7.83 yesterday.

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