H.C. Wainwright analyst Scott Buck reiterated a Buy rating on Yatra Online (YTRA – Research Report) today and set a price target of $4.00. The company’s shares closed yesterday at $1.88.
Buck covers the Technology sector, focusing on stocks such as Akerna, Intellicheck Mobilisia, and NexTech AR Solutions. According to TipRanks, Buck has an average return of -12.5% and a 30.67% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Yatra Online with a $4.00 average price target.
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Based on Yatra Online’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $899.05 million and a GAAP net loss of $7.73 million. In comparison, last year the company earned a revenue of $306.93 million and had a GAAP net loss of $79.71 million
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Yatra Online, Inc. engages in the business of selling travel products and solutions. It operates through the following segments: Air Ticketing; Hotels and Packages; and Others. The Air Ticketing segment offers flight ticket booking services to its customers. The Hotels and Packages segment provides hotel room booking and tour packages. The Others segment engages in providing third party advertising on website, rail & bus ticketing, and cab booking. The company was founded by Dhruv Shringi, Manish Amin, and Sabina Chopra in August 2006 and is headquartered in Gurgaon, India.
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