Mondee initiated with a Buy at Tigress Financial

Tigress Financial analyst Ivan Feinseth initiated coverage of Mondee with a Buy rating and $16 price target. With globally recognized brands in the leisure and corporate travel sectors, Mondee should be able to drive organic growth amid the ongoing opening of currently COVID-restricted countries, Feinseth tells investors. The analyst, who believes "significant upside in the shares exists," notes that his 12-month price target equates to a potential return of about 60% from current levels.