StubHub is tipped by Goldman Sachs to more than double in share price

[StubHub Office Window Manhattan]
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StubHub (NYSE:STUB [https://seekingalpha.com/symbol/STUB]) broke higher in afternoon trading after the online marketplace stock attracted a wave of bullish ratings following the expiration of the IPO quiet period.

Goldman Sachs is the firm with the highest price target on record, with its PT of $46 on Buy-rated StubHub (NYSE:STUB [https://seekingalpha.com/symbol/STUB]) implying more than 100% upside from the current trading level.

"We view StubHub to be positively levered to the large and growing ticketing market – which will continue to scale as consumers continue to prioritize experiences over products (a multi-decade secular trend)," highlighted analyst Eric Sheridan,

StubHub (NYSE:STUB [https://seekingalpha.com/symbol/STUB]) is seen by Goldman Sachs as a share leader in the global secondary ticketing market. The expectation is that the company will be able to take additional share, both in North America and globally, while also scaling into the $132 billion direct issuance market opportunity and growing its advertising revenue contribution in the years ahead.

Shares of StubHub (STUB [https://seekingalpha.com/symbol/STUB]) were up more than 4.4% in Monday afternoon trading to $19.72. The post IPO high is $27.89.

MORE ON STUBHUB HOLDINGS

* StubHub Holdings: Ticket Platform Is On Sale Itself [https://seekingalpha.com/article/4824455-stubhub-holdings-ticket-platform-is-on-sale-itself]
* StubHub: Fierce GMS Growth, But Concerns On Sliding Profits [https://seekingalpha.com/article/4822815-stubhub-fierce-gms-growth-but-concerns-on-sliding-profits]
* Post-IPO, StubHub Has A Lot To Prove [https://seekingalpha.com/article/4821344-post-ipo-stubhub-has-a-lot-to-prove]
* StubHub attracts a wave of bullish ratings after the IPO quiet period ends [https://seekingalpha.com/news/4503547-stubhub-attracts-a-wave-of-bullish-ratings-after-the-ipo-quiet-period-ends]
* StubHub begins trading above its pricing range following its highly anticipated IPO [https://seekingalpha.com/news/4495653-stubhub-begins-trading-above-its-pricing-range-following-its-highly-anticipated-ipo]