Almost a dozen analysts have initiated coverage on the equity today
Shares of StubHub Holding Inc (NYSE:STUB) are 3.5% higher to trade at $19.86 this morning, as a slew of analysts move in with bull notes on the equity. This surge in attention comes just after the stock raised $800 million for its Sept. 17 initial public offering (IPO).
No fewer than 10 brokerage have initiated coverage on the ticketing resale site, including "outperform" recommendations at Evercore ISI, Mizuho, BMO, and Citizens. Price targets of $29, $24, $30, and $24 were implemented, respectively.
For the quarter, STUB sits up 17.8 % so far, with today's boost pushing it back to the round $20 mark. This area has acted as a ceiling no fewer than four times in the past month and could cap today's jump.
Options are popular, though limited data refrains from specific volume comparison. So far, 2,140 calls and 1,153 puts have been traded, with the most popular contract the October 20 call.