2024-09-23 19:07:34
This Analyst Sees 'Multiple Catalysts' To Drive Revenue Growth For Yatra
- H.C. Wainwrightanalyst Scott Buckreiterated a Buy ratingon the shares ofYatra Online IncYTRA with a price target of $4.
- Yatras 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.
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