r/pennystocks - 2025-08-11 00:22 - Score: 6 - Comments: 3
I previously mentioned that Eventbrite ($EB) was a sleeping blue chip stock. Well, it’s no longer sleeping.
The earnings on Thursday (after hours) resulted Friday to reach a 15% GAIN and here is why it’s going to START a major run or as I would prefer to say ‘correction’ (since it’s super undervalued*):
•CEO: “Closer to returning to growth.”
•CFO: “Big progress cutting costs and expanding margins.”
•Revenue: $72.8M (▼14% YoY, but at top of their guidance)
↪️ Drop was expected due to elimina...