TD Cowen analyst Kevin Kopelman raised the firm’s price target on Despegar.com to $12 from $9 and keeps a Buy rating on the shares. The firm said Q2 GBV came in light at +4%, and the company lowered 2024 revenue guide as trends are soft on FX/Pricing while noting margins are improving.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DESP:
Questions or Comments about the article? Write to editor@tipranks.com