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Fly News Breaks for June 17, 2019
EB
Jun 17, 2019 | 08:27 EDT
William Blair analyst Ryan Sundby initiated coverage of Eventbrite with an Outperform. The company is the leading ticketing platform for the middle-market live event industry, which represents a "large, growing, and historically underserved segment underpinned by favorable demographics," Sundby tells investors in a research note. The analyst views the recent pullback in Eventbrite shares as an attractive entry point for long-term investors given the duration of the company's "above-average" growth prospects.
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