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StubHub shares rose for a third consecutive day after Citi analyst Jason Bazinet upgraded the stock to buy from neutral, citing resilience in the ticket resale market. Separately, ticket prices surged for Macklemore's upcoming solo concert after the rapper was dropped from Ed Sheeran's tour following pro-Palestine comments, illustrating continued pricing power in live entertainment. The developments highlight ongoing strength in the live events and ticketing sector, even as broader consumer spending faces mixed signals. Analysts point to sustained demand for concerts and live experiences as a supportive factor for resale platforms and touring artists alike.
Sources:CNBC Top News