RBC Capital analyst Mark Mahaney downgraded Eventbrite to Sector Perform from Outperform with a price target of $17, down from $23. The company last night reported mixed Q4 results and guided both Q1 and fiscal 2020 below expectations, primarily due to 30% Ticketfly Creator churn, Mahaney tells investors in a research note. The analyst wants to see a clear path to sustained 15%-20% sales growth before getting constructive again on the shares. He believes Eventbrite's market opportunity and competitive position within the market should support such growth.