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Fly News Breaks for May 2, 2019
EB
May 2, 2019 | 09:38 EDT
RBC Capital analyst Mark Mahaney lowered his price target on Eventbrite to $22 after its Q1 earnings miss that was driven by weakness in North America Music Sales segment as well as the announcement of a CFO transition. The analyst is keeping his Outperform rating on the stock given its "market opportunity, competitive position, and business model," but acknowledges that Q1 fundamental trends were negative with decelerating revenue growth and EBITDA margin declines.
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