#4 - Vivid Seats (NASDAQ:SEAT)
In 2022, the most resilient part of the economy has been travel and entertainment. Pent-up demand is still driving this sector of the market. And this is why Vivid Seats (NASDAQ:SEAT) may merit a closer look.
Vivid Seats is part of what is known as the “secondary market” for tickets. This means if you’re looking to buy tickets for events such as a concert or sporting event, you can visit a site (or app) such as Vivid Seats and find tickets for events that may be sold out. Or to find better seats than those that are available from the venue itself. And while consumers may find themselves paying more, they sometimes can pay far less.
SEAT stock only began trading publicly in late 2020. That doesn’t give investors much of a track record to go on. But the company has posted two profitable quarters with consistent revenue. And analysts tracked by MarketBeat give SEAT stock a bullish $13.05 consensus price target which is 67.95% higher than its price as of October 17, 2022.
About Vivid Seats
Vivid Seats Inc operates an online ticket marketplace in the United States, Canada, and Japan. The company operates in two segments, Marketplace and Resale. The Marketplace segment acts as an intermediary between event ticket buyers and sellers; processes ticket sales on its website and mobile applications through its distribution partners; and sells tickets for sports, concerts, theater events, and other live events.
Read More - Current Price
- $3.61
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 6 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $6.67 (84.7% Upside)
