Brokerages initiate coverage on StubHub as quiet period ends

Stubhub Holdings

13/10/2025 10:02

** Shares of ticket-selling platform StubHub STUB.N up 3.65% at $19.58 premarket

** Evercore ISI and J.P. Morgan initiate coverage with bullish ratings as research quiet period ends

** StubHub raised nearly $800 million in its September 17 IPO

     ** J.P. Morgan starts coverage with "overweight" rating and $24 PT, citing meaningful revenue acceleration and profit improvement in 2026 led by core resale

** J.P. Morgan and Goldman Sachs led a 14-firm underwriting syndicate for the IPO

** Evercore ISI launched coverage with "outperform" rating and $29 PT; saying that "through its well-established, dominant position in the secondary ticketing market, StubHub will be able to establish a formidable entry into the materially larger primary ticketing market"

** Its premarket trading price of $19.58 lower than the IPO price of $23.5

 (Reporting by Kanchana Chakravarty in Bengaluru)

 ((Kanchana.Chakravarty@thomsonreuters.com))