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Fly News Breaks for May 2, 2019
EB
May 2, 2019 | 08:54 EDT
Stifel analyst Scott Devitt noted that Eventbrite reported Q1 revenue and adjusted EBITDA below his estimates and gave Q2 guidance that was below his and consensus estimates as headwinds from the Ticketfly migration are limiting visibility into top-line growth. After lowering his estimates, Devitt keeps a Hold rating on Eventbrite shares and cut his price target on the stock to $20 from $28.
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