Guggenheim raised its price target on StubHub Holdings to $8.50 from $7.50, maintaining a Neutral rating.
StubHub reported Q1 revenue of $446 million and adjusted EBITDA of $72 million, beating Guggenheim's estimates of $434 million and $70 million.
The company reaffirmed its 2026 guidance for gross merchandise sales of $9.9-$10.1 billion and adjusted EBITDA of $400-$420 million. Guggenheim raised its estimates accordingly.
StubHub settled with the FTC for $10 million. The UK resale price cap was not included in the King's Speech.
The company continues to reduce leverage, with Guggenheim noting it should reach a comfortable zone by year-end.
