Vivid Seats Shares Fall Amid Analyst Downgrades and Revised Price Targets

Vivid Seats shares are trading lower after RBC and Canaccord Genuity downgraded their ratings and reduced their price targets significantly. RBC adjusted its target price from $40 to $22 to reflect a 1-for-20 reverse stock split, while Canaccord Genuity lowered its target from $80 to $23, citing soft Q2 results and competitive pressures.