Eventbrite (NYSE:EB) PT Lowered to $9.00 at Piper Sandler

Eventbrite is a company that provides event management and ticketing services. The company went public in 2018 and its stock is listed on the New York Stock Exchange under the symbol "EB." On March 31, 2023, Piper Sandler, an investment bank, lowered its price target for Eventbrite's stock from $15.00 to $9.00. This means that Piper Sandler now believes that the stock is undervalued and could potentially rise to $9.00 in the future.

It's worth noting that a price target is not a guarantee of a stock's future performance, and it's possible that Eventbrite's stock will continue to trade at or below $9.00. Additionally, Piper Sandler's decision to lower its price target may be based on a variety of factors, including the company's financial performance, market conditions, and other industry trends.

It's also worth noting that Eventbrite has faced some challenges in recent years, including increased competition from other event management companies and concerns about the impact of the COVID-19 pandemic on the events industry. However, the company has also reported strong growth in recent quarters and has a loyal customer base.