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This Analyst Sees 'Multiple Catalysts' To Drive Revenue Growth For Yatra

·1 min read
  • 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.

Latest Ratings for YTRA

Date

Firm

Action

From

To

Dec 2020

HC Wainwright & Co.

Initiates Coverage On

Buy

Feb 2019

Oppenheimer

Downgrades

Outperform

Perform

Aug 2018

Jefferies

Initiates Coverage On

Buy

View More Analyst Ratings for YTRA

View the Latest Analyst Ratings

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