Despegar.Com shares are trading higher after B. Riley Securities initiated coverage on the stock with a Buy rating and $10 price target.
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities initiated coverage on Despegar.Com with a Buy rating and a $10 price target, causing the shares to trade higher.
June 22, 2023 | 4:28 pm
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POSITIVE IMPACT
Despegar.Com's stock price is likely to increase in the short term due to B. Riley Securities' Buy rating and $10 price target.
The Buy rating and $10 price target from B. Riley Securities is a positive signal for Despegar.Com, indicating that the firm believes the stock is undervalued and has potential for growth. This news is likely to attract more investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100