Vivid Seats Inc. (SEAT) attracting lower teen interest compared to rivals

Piper Sandler analyst Matt Farrell reiterated a Neutral rating and $8.00 price target on Vivid Seats Inc. (NASDAQ: SEAT).

"Teens appear to be using other platforms outside of Vivid Seats for their ticketing needs, with the company coming in behind Ticketmaster, SeatGeek, and StubHub in terms of usage. We suspect this may correlate with the increasing competitive dynamics across the industry. From a broader perspective, more than half of teens did not purchase a ticket in the last six months, which could point to a longer term opportunity for the industry."

For an analyst ratings summary and ratings history on Vivid Seats Inc. click here. For more ratings news on Vivid Seats Inc. click here.

Shares of Vivid Seats Inc. closed at $7.85 yesterday.

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