Media coverage about Despegar Com (NYSE:DESP) has trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Despegar Com earned a news impact score of 0.24 on Accern’s scale. Accern also gave news headlines about the company an impact score of 44.968250221094 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
DESP has been the subject of a number of research analyst reports. Guggenheim initiated coverage on Despegar Com in a research note on Thursday, September 28th. They issued a “buy” rating and a $38.00 target price for the company. UBS Group upgraded Despegar Com from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Thursday. Zacks Investment Research upgraded Despegar Com from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Friday, December 15th. Cowen restated a “buy” rating and issued a $35.00 target price on shares of Despegar Com in a research note on Sunday, November 19th. Finally, Morgan Stanley raised their target price on Despegar Com from $31.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, November 17th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $35.00.
Despegar Com (NYSE:DESP) opened at $29.31 on Friday. Despegar Com has a 52-week low of $22.73 and a 52-week high of $34.70.
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About Despegar Com
Despegar.com Corp is an Argentina-based travel agency. The Company’s activities are divided into two business segments: Air, as well as Packages, Hotels and Other Travel Products. The Air division focuses on the sale of airline tickets. The Packages, Hotels and Other Travel Products division includes sales of travel packages with or without airline tickets and hotel rooms, as well as stand-alone sales of hotel rooms, including vacation rentals, car rentals, bus tickets, cruise tickets, travel insurance and destination services.
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