Wall Street analysts are bullish on Despegar.com, seeing a potential upside of 25.45% for the Latin American online travel agency. The company’s stock has been performing well, and analysts are optimistic that it will continue to do so in the future.
Some reasons for Despegar.com’s success include its strong presence in the Latin American travel market, which is growing rapidly, and its diverse offerings, such as flight, hotel, and car rental bookings. The company has also been investing in technology to enhance the customer experience and improve its platform.
However, there are also risks associated with investing in Despegar.com. The company faces competition from other online travel agencies and traditional travel agents in the region, and its business may be impacted by economic and political uncertainty. Additionally, the COVID-19 pandemic has had a significant impact on the travel industry, including Despegar.com.
Overall, Wall Street analysts remain optimistic about Despegar.com’s future, but investors should consider the potential risks before making any investment decisions.