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Home โบ Stocks โบ Despegar.com Corp. (DESP) Stock Forecast & Price Prediction British Virgin Islands | NYSE | Consumer Cyclical | Travel Services
$19.50
+0.03 (0.15%)Did DESP Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if Despegar is one of their latest high-conviction picks.
Based on our analysis of 9 Wall Street analysts, DESP has a neutral consensus with a median price target of $19.50 (ranging from $19.50 to $25.00). The overall analyst rating is Buy (7.3/10). Currently trading at $19.50, the median forecast implies a 0.0% downside. This outlook is supported by 1 Buy, 2 Hold, and 0 Sell ratings.
The most optimistic forecast comes from Mark May at Citigroup, projecting a 28.2% upside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for DESP.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Nov 29, 2024 | Morgan Stanley | Brian Nowak | Overweight | Maintains | $21.00 |
| Nov 25, 2024 | TD Cowen | Kevin Kopelman | Sell | Downgrade | $14.00 |
| Aug 20, 2024 | TD Cowen | Kevin Kopelman | Buy | Maintains | $12.00 |
| Aug 16, 2024 | Cantor Fitzgerald | Thomas Shinske | Overweight | Reiterates | $17.00 |
| Jul 22, 2024 | Citigroup | Joao Pedro Soares | Neutral | Maintains | $15.00 |
| May 17, 2024 | Cantor Fitzgerald | Thomas Shinske | Overweight | Maintains | $17.00 |
| May 17, 2024 | B. Riley Securities | Naved Khan | Buy | Maintains | $19.00 |
| Apr 29, 2024 | Citigroup | Joao Pedro Soares | Neutral | Downgrade | $14.50 |
| Mar 22, 2024 | Cantor Fitzgerald | Thomas Shinske | Overweight | Reiterates | $14.00 |
| Mar 15, 2024 | Cantor Fitzgerald | Thomas Shinske | Overweight | Maintains | $14.00 |
| Mar 15, 2024 | B. Riley Securities | Naved Khan | Buy | Reiterates | $16.00 |
| Mar 7, 2024 | Cantor Fitzgerald | Thomas Shinske | Overweight | Initiates | $11.00 |
| Dec 20, 2023 | B. Riley Securities | Naved Khan | Buy | Maintains | $15.00 |
| Aug 18, 2023 | B. Riley Securities | Naved Khan | Buy | Maintains | $11.00 |
| Aug 11, 2023 | Morgan Stanley | Brian Nowak | Overweight | Assumes | $13.00 |
| Jun 22, 2023 | B. Riley Securities | Naved Khan | Buy | Initiates | $10.00 |
| Mar 20, 2023 | Morgan Stanley | Brian Nowak | Equal-Weight | Maintains | $6.50 |
| Jan 18, 2023 | Morgan Stanley | Brian Nowak | Equal-Weight | Maintains | $6.00 |
| Nov 22, 2022 | Morgan Stanley | Brian Nowak | Equal-Weight | Maintains | $8.00 |
| Aug 23, 2022 | Morgan Stanley | Brian Nowak | Equal-Weight | Maintains | $10.50 |
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Despegar.com Corp. has a market capitalization of $1.63B with a P/E ratio of 242.8x. The company generates $774.06M in trailing twelve-month revenue with a 3.6% profit margin.
Revenue growth is +8.7% quarter-over-quarter, while maintaining an operating margin of +14.4% and return on equity of +54.0%.
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Online travel services platform in Latin America.
Despegar.com operates as an online travel agency, providing a comprehensive platform for consumers to book airline tickets, hotel accommodations, and vacation packages. The company generates revenue primarily through commissions on bookings made through its platform, effectively connecting travelers with various travel service providers.
Despegar.com plays a vital role in the tourism and hospitality sectors in Latin America, enhancing travel accessibility for consumers. Its technology-driven approach positions it as a key player in a region where tourism is a significant economic driver, fostering growth and efficiency in the travel industry.
Consumer Cyclical
Travel Services
3,956
Mr. Damian Scokin
British Virgin Islands
2017
Prosus has completed its acquisition of Despegar at $19.50 per share, following board approval and regulatory clearances, enhancing Prosus's strategic position in the market.
Prosus's acquisition of Despegar enhances its portfolio, indicating a strategic push into the Latin American market, which could drive growth and influence investor sentiment.
Despegar.com, Corp. reported its unaudited financial results for Q4 2024 and FY 2024, adhering to U.S. GAAP. Results are preliminary and subject to change.
Despegar.com's financial results for 4Q24 and FY24 could impact its stock performance, reflecting the company's growth and profitability in the travel sector amid economic conditions.
Despegar.com reported a 35% rise in gross bookings and a 94% increase in adjusted EBITDA. An acquisition by Prosus is pending approval, while investigations into fare fraud in Brazil pose risks.
Despegar's strong growth and potential acquisition could enhance its market position, but ongoing investigations raise legal risks that may affect valuation and investor confidence.
Despegar.com, Corp. (NYSE: DESP) has partnered with HBX Group to enhance its service offerings by integrating HBX's European and North American non-air inventory into its platform.
Despegar's partnership with HBX Group enhances its service offerings and expands its inventory, potentially increasing market share and revenue in the competitive travel tech sector.
Monteverde & Associates is investigating Despegar.com (NYSE: DESP) regarding its proposed merger with Prosus, having previously recovered millions for shareholders.
The investigation into Despegar.comโs merger with Prosus may impact shareholder value and confidence, potentially influencing stock performance and investment decisions.
Prosus NV plans to acquire Latin American online travel agency Despegar.com Corp for approximately $1.7 billion in cash.
Prosus NV's acquisition of Despegar.com enhances its portfolio in the growing Latin American travel market, potentially increasing future revenue and market share, impacting investor sentiment positively.
Based on our analysis of 9 Wall Street analysts, Despegar.com Corp. (DESP) has a median price target of $19.50. The highest price target is $25.00 and the lowest is $19.50.
According to current analyst ratings, DESP has 1 Buy ratings, 2 Hold ratings, and 0 Sell ratings. The stock is currently trading at $19.50. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict DESP stock could reach $19.50 in the next 12 months. This represents a 0.0% decrease from the current price of $19.50. Please note that this is a projection by Wall Street analysts and not a guarantee.
Despegar.com operates as an online travel agency, providing a comprehensive platform for consumers to book airline tickets, hotel accommodations, and vacation packages. The company generates revenue primarily through commissions on bookings made through its platform, effectively connecting travelers with various travel service providers.
The highest price target for DESP is $25.00 from Mark May at Citigroup, which represents a 28.2% increase from the current price of $19.50.
The lowest price target for DESP is $19.50 from at , which represents a 0.0% decrease from the current price of $19.50.
The overall analyst consensus for DESP is neutral. Out of 9 Wall Street analysts, 1 rate it as Buy, 2 as Hold, and 0 as Sell, with a median price target of $19.50.
Stock price projections, including those for Despegar.com Corp., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.