Simply Wall St lowered its modeled fair value for StubHub Holdings to US$11.29 from US$13.38, a fall of roughly 16%, as analysts weighed near-term regulatory questions and event cycle headwinds against the ticketing platform's revenue and profitability ambitions. The revised model now assumes revenue growth of 12.04%, down from 14.69% previously, while net profit margin edges up to 15.34% from 15.06%, future P/E drops to 17.20x from 19.83x, and the discount rate rises to 10.79% from 9.61%. On the bullish side, Citi upgraded StubHub Holdings to Buy from Neutral, citing robust Q3 app download trends and the potential for better than expected Q3 EBITDA, while TD Cowen, Evercore ISI, Mizuho, Oppenheimer and Guggenheim all kept positive ratings even after cutting price targets. On the bearish side, BofA shifted StubHub to Underperform and cut its price target to US$7.50, pointing to slower growth after the World Cup, pressure on volumes in the second half of 2026, and tougher comparisons in early 2027. Citi also flagged regulatory risk including potential price caps that it estimates could reduce 2027 EBITDA by about US$95m if a portion of StubHub tickets is affected, while Evercore ISI and Mizuho highlighted a softer outlook for second half gross merchandise sales and raised questions around profitability if customer service costs rise following negative press.
Mizuho Financial Group, Inc.
Bank of America Corp
Evercore Partners Inc
Oppenheimer Holdings Inc
Citigroup Inc.
StubHub Holdings, Inc.
China Mobile Limited