Brokerages Set $37.00 Price Target for Despegar Com Inc (DESP)
Despegar Com Inc (NASDAQ:DESP) has been assigned an average broker rating score of 2.00 (Buy) from the four analysts that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation and two have issued a strong buy recommendation on the company.
Analysts have set a 12 month consensus price target of $37.00 for the company, according to Zacks. Zacks has also assigned Despegar Com an industry rank of 107 out of 265 based on the ratings given to related companies.
Several research analysts have commented on DESP shares. Guggenheim started coverage on Despegar Com in a research note on Thursday, September 28th. They issued a “buy” rating and a $38.00 target price for the company. Citigroup Inc started coverage on Despegar Com in a research note on Tuesday, October 17th. They issued a “neutral” rating and a $34.00 target price for the company. KeyCorp started coverage on Despegar Com in a research note on Monday, October 16th. They issued an “overweight” rating and a $40.00 target price for the company. Morgan Stanley started coverage on Despegar Com in a research note on Monday, October 16th. They issued an “equal weight” rating and a $31.00 target price for the company. Finally, UBS Group AG (USA) started coverage on Despegar Com in a research note on Monday, October 16th. They issued a “neutral” rating and a $36.00 target price for the company.
Despegar Com (NASDAQ DESP) opened at $29.85 on Friday.
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A hedge fund recently bought a new stake in Despegar Com stock. Nationwide Fund Advisors purchased a new stake in Despegar Com Inc (NASDAQ:DESP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,900 shares of the company’s stock, valued at approximately $253,000.
About Despegar Com
Despegar.com Corp is an Argentina-based travel agency. The Company’s activities are divided into two business segments: Air, as well as Packages, Hotels and Other Travel Products. The Air division focuses on the sale of airline tickets. The Packages, Hotels and Other Travel Products division includes sales of travel packages with or without airline tickets and hotel rooms, as well as stand-alone sales of hotel rooms, including vacation rentals, car rentals, bus tickets, cruise tickets, travel insurance and destination services.
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