- H.C. Wainwright analyst Scott Buck reiterated a Buy rating on the shares of Yatra Online Inc (NASDAQ:YTRA) with a price target of $4.
- Yatra’s shares rose 54.3% year-to-date, driven by stronger operating performance as demand for travel in leisure and corporate segments picks up.
- Buck believes the pandemic has likely accelerated the move from offline to online travel booking, bringing in market share gains, especially in corporate travel.
- While inflationary pressures in the U.S. and geopolitical tensions in Europe are raising the level of global business uncertainty, the analyst said, India remains immune to those variables.
- The completion of a local IPO later in 2022 could help accelerate inorganic growth through M&A, added Buck.
- As travel demand increases and the pandemic takes a back seat, the analyst expects investors to become more constructive on the travel industry.
- Price Action: YTRA shares are trading lower by 17.60% at $2.20 on the last check Friday.
Alarum Estimates Q1 2024 Quarterly Revenue Of More Than $8.3M And All Time High Operating Cashflow Of $3.2M
Subsidiary NetNut's revenues surged approximately 140% in the first quarter of 2024 compared to the equivalent period in 2023 Tel Aviv, Israel, April 08, 2024 (GLOBE NEWSWIRE) -- Alarum Technologies Ltd. (Nasdaq,
