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Fly News Breaks for May 2, 2019
EB
May 2, 2019 | 07:25 EDT
SunTrust analyst Youssef Squali lowered his price target on Eventbrite to $20 after its Q1 earnings miss and its "disappointing" Q2 outlook driven by continued challenges in integrating Ticketfly creators, which he warns may also lead to a higher churn. The analyst remains positive on the company's mid-market positioning longer term, but keeps his Hold rating on the stock given the management's dented credibility and lock of catalysts.
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