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