Peel Hunt, the investment bank, has reported that Hostelworld could have a 58.7% potential upside for investors, following its half-year results announcement. The international hostel booking website’s shares have decreased by around 50% during the past year after being hit by a variety of issues, including weak trading and terrorism fears. However, the report notes that there are signs of an improving trend, with a 7.6% increase in bookings and the addition of 100k new customers in H1 2016. Peel Hunt has restated its buy recommendation for the stock with a target price of 335p.