Despegar.com Corp has seen a robust growth rate with a performance rise of 82.78% in the past year, with its stock price highs and lows ranging from $15.82 to $6.09. The Corporation has further outperformed by 5.28%, and the simple moving average jumped by 33.03% in the last 200 days. Various financial institutions have reviewed and updated their recommendations concerning the company.
Firstly, Citigroup downgraded Despegar.com Corp to Neutral on April 29, 2024, following its buy rating and a price prediction of $15 indicated in a report in January 2022. Prior to this, they initiated a ‘Buy’ rating for DESP as published in a report on August 26, 2022.
More prominently, Cantor Fitzgerald initiated an ‘Overweight’ rating for DESP on March 7, 2024. Furthermore, Morgan Stanley upgraded DESP’s shares to ‘Overweight’, setting a target price of $13 in a report made public on August 11, 2023. Lastly, B. Riley Securities initiated a Buy rating on June 22, 2023, and assigned a price target of $10. Therefore, due to DESP’s performance, investors are advised to refer to stock chart patterns for more technical insights.