StubHub Rallies on Strong Ticketing Trends, Upbeat Q1
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StubHub Holdings (NYSE:STUB) shares rose 18.4% to $8.93 after reporting a profitable Q1 with a net income of $48 million. CEO Eric Baker noted strong demand in the live events and resale ticketing market. Morgan Stanley increased its price target to $8.75 from $8.25. Analysts are divided, with eight of 14 firms holding a 'hold' rating, while the 12-month price target is $13.63, indicating a 51% premium. Options trading has surged, with 10,000 calls and 1,736 puts exchanged, focusing on the June 7.50 call.
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