Roth/MKM initiates Ticketplus stock with Buy rating on growth outlook

Roth/MKM has kicked off coverage of Ticketplus (NYSE:TP) with a Buy rating and a price target of $14.00, signaling strong growth potential in the Latin American market. The firm highlights Ticketplus as the premier end-to-end technology solutions provider for live events across 11 Latin American countries, managing over 40,000 events in 2025 and generating more than 10.2 million tickets.

Roth/MKM anticipates robust growth, projecting four-year compound annual increases of 62% in Gross Merchandise Value and 35% in revenue. The company's EBITDA margin is expected to fall within the mid- to high-30% range. With shares trading at $7.83, the Buy rating implies a nearly 79% upside potential based on an EBITDA target of $14.00, which is considered a discount to both the company's growth prospects and its publicly traded peers.

Recent financial performance has bolstered the bullish outlook, with revenue surging 64% over the past year and a P/E ratio of 17.3. InvestingPro subscribers gain access to additional financial metrics and exclusive insights to further evaluate Ticketplus's growth trajectory. The company's expansion strategy is bolstered by positive secular tailwinds, including geographic diversification and a dual revenue stream.

Roth/MKM attributes its growth to its evolution from a local ticketing platform to a pan-regional events management powerhouse.