Cowen & Co. analyst Kevin Kopelman reiterated a Buy rating on Despegar.com Corp. (NYSE: DESP) yesterday and set a price target of $20. The company’s shares closed yesterday at $17.03, close to its 52-week low of $16.42.
According to TipRanks.com, Kopelman is a 3-star analyst with an average return of 3.9% and a 53.0% success rate. Kopelman covers the Services sector, focusing on stocks such as Booking Holdings Inc, TripAdvisor Inc, and Ctripcom.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Despegar.com Corp. with a $23.50 average price target, implying a 38.0% upside from current levels. In a report released yesterday, KeyBanc also maintained a Buy rating on the stock with a $27 price target.
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The company has a one-year high of $36.56 and a one-year low of $16.42. Currently, Despegar.com Corp. has an average volume of 528.8K.
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Despegar.com Corp. provides online travel agency services. It offers tours and corporate packages to destinations such as Paris, Cancun, Rio de Janeiro, Rome, Barcelona, and Las Vegas, as well as vehicle rentals and hotel bookings.
