BUZZ - StubHub shares rise after Citigroup upgrades rating to "Buy"

September 18 - ** Ticketing platform StubHub (STUB.N) shares rose 4.5% in pre-market trading to $6.21

** Citigroup raised its rating on the stock from "Neutral" to "Buy"; target price cut from $9 to $7

** Citigroup said some investors are skeptical about the company’s increased EBITDA forecast, stating “given the positive impact from the World Cup in the first half of 2026,” but “based on strong APP downloads in Q3 2026, we believe the company will report better-than-expected adjusted EBITDA for Q3 2026, bringing its full-year adjusted EBITDA close to the high end of company’s guidance,” according to Citigroup

** Earlier this month, the company raised its adjusted EBITDA forecast for 2026 to $420 million, below analysts’ expectation of $457.34 million — data compiled by London Stock Exchange Group (LSEG)

** As of the previous trading day’s close, the company’s share price had fallen by 56.1% year-to-date

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