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Fly News Breaks for March 21, 2019
EB
Mar 21, 2019 | 08:27 EDT
SunTrust analyst Youssef Squali kept his Hold rating and $28 price target on Eventbrite, saying that while he is positive on its leading position in mid-market event creation and ticketing, its customer growth needs to show signs of re-acceleration. The analyst expects better performance in the second half of the year given the company's "attractive value proposition" to event creators and large market opportunity in the U.S. and internationally, but also would like to see evidence that much of the Ticketfly integration has been completed.
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