StubHub Holdings (STUB) soared 8.68% intraday on Tuesday, following a bullish analyst upgrade that boosted investor sentiment.
Guggenheim analyst Curry Baker upgraded StubHub to Buy from Neutral and raised the price target to $12.50 from $8.50, citing growth picking up in the second quarter. The new price target represents approximately 30% upside potential from previous levels.
According to analysts polled by FactSet, StubHub Holdings has an average rating of overweight with a mean price target of $13.27, indicating continued positive sentiment toward the stock.
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