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Vivid Seats Inc.
Vivid Seats Inc. (NASDAQ: SEAT) is an online ticket marketplace that connects fans to their favorite live events, musicians, and sports teams. Ticketing for sports, concerts, theatres, and comedy is provided by the entertainment industry's official ticketing partner.
Why should Investors Book Profits?
Valuation Methodology: EV/Sales Multiple Based Relative Valuation
(Source: Analysis by Kalkine Group)
Stock Recommendation:
SEAT's share price is currently leaning towards the 52-week high of USD 14.35. We have valued the stock using the EV/Sales multiple based relative valuation methodology and arrived at a target price of USD 9.36. Considering the continued losses, colossal market competition, overvalued multiples, unfavourable technical indicators, and current valuation, we recommend a "Sell" rating on the stock at the current price of USD 11.31, up 2.63%, as of February 23, 2022, at 9:48 AM ET.
SEAT's 2-Year Technical Price Chart. (Source: REFINITIV, Analysis by Kalkine Group)
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.