On Friday, Jefferies analyst Henrik Paganetty updated the financial model for CTS (NYSE:CTS) Eventim (EVD:GR), a leading ticketing and live entertainment company. As a result of the review, the price target was increased from EUR100.00 to EUR127.00, while the firm maintained a Buy rating on the stock.
Paganetty’s revised outlook is based on several adjustments, including a 2-5% rise in the estimated EBITDA for the years 2025-2027. Additionally, the analyst adjusted the mid-term growth rate from approximately 5% to 6%. This change reflects the positive impact of Live Nation’s strong first-quarter performance, an impressive lineup of artists, and sustained ticket demand.
The analyst expressed confidence in CTS Eventim’s upcoming first-quarter results, which are expected to be robust, benefitting from the favorable comparisons to the previous year and the positive effects of integrating SeeTickets and France Billet (FB) into the company’s operations.
In his comments, Paganetty noted, "Following our model update, we have implemented several key changes, including a 2-5% increase in our EBITDA estimates for 2025-27e and a revision of our mid-term growth rate from c.5% to c.6% due to the strong Live Nation Q1, the strong artist pipeline, and unbroken ticket demand. Thus, we increase our PT from €100 to €127. We expect a solid Q1 that has strong comps but tailwinds from the SeeTickets and France Billet (FB) consolidations. Buy."
Investors and market observers are now looking forward to CTS Eventim’s first-quarter results, which will provide further insights into the company’s performance and the potential impact of the recent strategic consolidations.
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