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H.C. Wainwright Predicts Yatra Online Stock Price To Double

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·1 min read
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  • H.C. Wainwright & Co analyst Scott Buck maintained its Buy rating on the shares of Yatra Online Inc (NASDAQ: YTRA), with a price target of $4.

  • The analyst said though Q4 results were negatively impacted by the Omicron variant in January, demand was at 90.0% of pre-COVID levels across both leisure and corporate travel as of May.

  • RelatedYatra Online Shares Drop Following Q4 Results; Sees Recovery In Corporate, Consumer Businesses

  • Scott also noted that the company indicated that its recovery in corporate travel is currently outpacing the industry, which is a positive aspect.

  • As travel demand returns to and even exceeds pre-pandemic levels, he believes cost-cutting over the past two years should help drive significant operating leverage in the business.

  • Scot added that an Indian IPO could potentially unlock significant value for U.S shareholders and serve as a meaningful catalyst for YTRA shares.

  • He expects investors to become more constructive on YTRA shares as travel demand continues to increase and the pandemic has faded.

  • Price Action: YTRA shares are trading higher by 2.65% at $1.94 on the last check Monday.

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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