12 Best Tech Stocks to Buy Right Now Under $10

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9. Eventbrite Inc. (NYSE:EB)

Current Market Price: $3.40; Upside Potential: 40%

Number of hedge funds: 23

Eventbrite Inc. (NYSE:EB) is a global ticketing and event technology platform that enables users to create, promote, and manage events of all sizes. The company offers a comprehensive suite of tools for event organizers, including ticketing solutions, event marketing, and analytics, catering to a diverse array of events such as concerts, festivals, conferences, and community gatherings. The platform also connects event seekers through its website and mobile application, allowing them to discover and purchase tickets for their chosen events and experiences.

Eventbrite Inc. (NYSE:EB) capitalizes on the rising popularity of live events and has been investing in its technology capabilities to enhance user experience and drive growth. With a strong focus on expanding its market presence and forming strategic partnerships, the company aims to capture a larger share of the growing events market. According to its Q3 2024 investor presentation, the company targets global mid-market events, which had $23 billion in gross bookings for FY 2023. Mid-market events constitute only one-third of the global events bookings of $80 billion, providing substantial room for growth. The increasing trend towards hybrid events, combining in-person and virtual experiences, is expected to further drive demand for Eventbrite Inc. (NYSE:EB)’s platform. Additionally, the company plans to focus on high-margin non-ticketing revenue growth to boost operating margins.

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