
Despegar.com (DESP) Stock Forecast & Price Target
Despegar.com (DESP) Analyst Ratings
Bulls say
Despegar.com Corp has demonstrated a robust market positioning through a notable 4% year-over-year increase in revenue, indicating a successful acquisition of market share from competitors in its primary market. Significant growth was observed in its Destination Services segment, achieving a remarkable 117% compound annual growth rate since 2020, and contributing to 30% of gross bookings as of the third quarter of 2023. Additionally, the company's bookings in Brazil surged by 40.8% year-over-year, supported by increased transaction volumes and anticipated expansions in EBITDA margins, suggesting a strong financial trajectory and improved free cash flow conversion moving forward.
Bears say
Despegar.com Corp's financial outlook appears negative due to several factors impacting its revenue growth and profitability. The company's performance has been hindered by currency weakening in 2019, leading to diminished reported revenue growth and overall profitability challenges. Furthermore, despite projected record bookings and revenue for FY23E, total transaction volumes remain approximately 16% below 2019 levels, raising concerns about potential margin pressures and de-leverage of fixed costs.
This aggregate rating is based on analysts' research of Despegar.com and is not a guaranteed prediction by Public.com or investment advice.
Despegar.com (DESP) Analyst Forecast & Price Prediction
Start investing in Despegar.com (DESP)
Order type
Buy in
Order amount
Est. shares
0 shares