Despegar.com shares are trading higher after B. Riley Securities maintained a Buy rating on the stock and raised its price target from $12 to $15.
Portfolio Pulse from Benzinga Newsdesk
Despegar.com's stock (DESP) is trading higher following an endorsement from B. Riley Securities, which maintained a Buy rating and increased the price target from $12 to $15.
December 20, 2023 | 4:35 pm
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POSITIVE IMPACT
Despegar.com's stock price is positively impacted by B. Riley Securities' continued Buy rating and a raised price target from $12 to $15.
Analyst ratings and price target adjustments are significant drivers of stock price movements. B. Riley Securities' decision to maintain a Buy rating and raise the price target for Despegar.com indicates a positive outlook on the company's performance, which can instill confidence in investors and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100