EB - Eventbrite: Potential Catalysts Are Aggressive Buybacks And Q1 EBITDA Beat

2024-04-15 18:33:22 ET

Summary

• Eventbrite could potentially leverage on its new $100 million share repurchase plan to buy back its own undervalued shares aggressively.
• There is a good chance of Eventbrite's actual Q1 2024 EBITDA beating the market's expectations, considering the rapid growth in the company's non-ticketing businesses.
• I award a Buy rating to Eventbrite stock, as I have identified potential catalysts which might re-rate the company's shares.

Elevator Pitch

Eventbrite, Inc. ( EB ) stock is rated as a Buy. In my prior April 12, 2023, initiation article , I evaluated EB's financial prospects for fiscal 2023....

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