Scott Buck, an analyst from H.C. Wainwright, reiterated the Buy rating on Yatra Online (YTRA – Research Report). The associated price target is $4.00.
Scott Buck’s Buy rating for Yatra Online is based on several factors. Firstly, he acknowledges the temporary challenges the company faced due to increased industry capacity, particularly in international travel, which led to a lower than expected adjusted revenue in F2Q24. However, he asserts that these issues should diminish starting from the new calendar year. He also recognizes Yatra Online’s potential for long-term success in the Indian travel industry, driven by favorable market trends and the possibility of acquiring new customers.
In addition, Buck believes that the company’s recent capital raise will support its organic growth and potentially enable it to make acquisitions that could boost revenue growth. He also sees a significant operating leverage in Yatra Online’s business model, which he predicts will be more evident as the operating expense growth remains modest. Buck also notes that despite the current growth opportunities, Yatra Online’s shares continue to trade at a significant discount, which he expects will lead the company to start buying back its undervalued U.S.-listed shares. He therefore recommends that investors initiate a position ahead of what he anticipates to be improved operating results and potential corporate actions.
According to TipRanks, Buck is an analyst with an average return of -20.9% and a 26.16% success rate. Buck covers the Technology sector, focusing on stocks such as SoundHound AI, Inc Class A, Lightpath Technologies, and Mitek Systems.
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Yatra Online (YTRA) Company Description:
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.
Read More on YTRA:
- YATRA ONLINE, INC. ANNOUNCES RESULTS FOR THE THREE MONTHS SEPTEMBER 30, 2023
- Yatra announces $5M share repurchase program
- Yatra partners with Welspun World to cater to their domestic travel requirements
- Yatra reports Q1 revenue $13.5M, up 23% from last year
- YATRA ONLINE, INC. ANNOUNCES RESULTS FOR THE THREE MONTHS JUNE 30, 2023
