B. Riley Securities Maintains Buy on Despegar.com, Raises Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Naved Khan has reaffirmed a Buy rating on Despegar.com (NYSE:DESP) and increased the price target from $12 to $15, indicating a positive outlook on the company's stock.
December 20, 2023 | 1:41 pm
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POSITIVE IMPACT
Despegar.com's stock rating has been maintained as Buy by B. Riley Securities, with an increased price target from $12 to $15, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst typically signals a bullish outlook on the stock, which can lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100