Mondee Is Leveraging AI-Powered Platform And M&A To Expand And Diversify: Analyst
Portfolio Pulse from Shivani Kumaresan
JMP Securities analyst Nicholas Jones reiterated a Market Outperform rating on Mondee Holdings Inc (NASDAQ:MOND) with a price target of $13. The company is leveraging AI and M&A to expand and diversify. Mondee expects to recover ~50% of its China business by the end of the year and fully recover by the end of 2024. The company's shares are trading higher by 3.5% at $8.23.
July 26, 2023 | 6:39 pm
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Mondee Holdings Inc is expected to recover 50% of its China business by the end of the year and fully recover by 2024. The company's shares are trading higher by 3.5%.
The positive outlook from the JMP Securities analyst, coupled with the company's strategic expansion and diversification efforts, are likely to boost investor confidence and drive the stock price up in the short term.
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RELEVANCE 100