Evercore ISI raises StubHub target to $15 following Q1 earnings beat

Evercore ISI has adjusted its outlook on StubHub, raising the stock price target to $15 following a robust first-quarter performance that exceeded market expectations. This revision comes at a critical juncture for the secondary ticketing market, which has faced scrutiny over pricing transparency and consumer spending resilience. The Q1 beat suggests that demand for live entertainment remains a primary driver of discretionary expenditure, even as other sectors face…