Despegar Com (DESP) Getting Somewhat Favorable Press Coverage, Report Finds

Press coverage about Despegar Com (NYSE:DESP) has been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Despegar Com earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news articles about the company an impact score of 44.968250221094 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Shares of Despegar Com (DESP) opened at $29.31 on Friday. Despegar Com has a fifty-two week low of $22.73 and a fifty-two week high of $34.70.

DESP has been the subject of a number of analyst reports. UBS Group raised Despegar Com from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Thursday. Guggenheim initiated coverage on Despegar Com in a research report on Thursday, September 28th. They set a “buy” rating and a $38.00 price objective for the company. Zacks Investment Research raised Despegar Com from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Friday, December 15th. Morgan Stanley raised their price objective on Despegar Com from $31.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, November 17th. Finally, Cowen reaffirmed a “buy” rating and set a $35.00 price objective on shares of Despegar Com in a research report on Sunday, November 19th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Despegar Com currently has a consensus rating of “Buy” and an average target price of $35.00.

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Despegar Com Company Profile

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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