- H.C. Wainwright analyst Scott Buck reiterated a Buy rating on the shares of Yatra Online Inc YTRA with a price target of $4.00.
- While the recovery from the COVID-19 pandemic has created strong tailwinds for Yatra operations, and shares, the analyst has some concerns macro headwinds may begin to challenge the recovery in 2023.
- Buck expects the company to provide new details on the company’s earnings conference call next surrounding demand trends in the Indian travel market.
- The update, he says, should provide greater visibility to the investor community on how to think about demand in 2023 and beyond.
- The analyst also anticipates the company to provide an update on its local IPO, which gained regulatory approval last week.
- Buck believes the completion of a local IPO could provide capital to accelerate growth through acquisition and be a driver of the U.S.-traded shares based on a potential valuation dislocation.
- Should the company be successful in raising upward of $100.0 million, likely at a meaningful premium to U.S. market valuations, he believes a series of acquisitions could meaningfully accelerate growth in the business.
- He said local valuations could potentially drive U.S. shares higher given the dislocation in valuations and thus believe the completion of local IPO will serve as a catalyst for Yatra’s shares.
- While Buck has some concerns regarding potential contagion from inflationary pressures in the U.S. and the ongoing war in Eastern Europe, to-date travel trends in India remain favorable.
- Yatra Online is scheduled to report 2Q23 operating results before the market opens on November 29, 2022.
- Related: This Analyst Sees 'Multiple Catalysts' To Drive Revenue Growth For Yatra
- Price Action: YTRA shares are trading lower by 0.70% at $2.85 on the last check Tuesday.
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YTRAYatra Online Inc
$1.064.95%
Edge Rankings
Momentum
22.03
Growth
27.39
Quality
Not Available
Value
87.95
Price Trend
Short
Medium
Long
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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