SIMO, DESP and PGR made it to the Zacks Rank #1 (Strong Buy) growth stocks list on July 25, 2024.
SIMO, DESP and KBH made it to the Zacks Rank #1 (Strong Buy) growth stocks list on July 23, 2024.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here is how Despegar.com (DESP) and SkyWest (SKYW) have performed compared to their sector so far this year.
Despegar has achieved tremendous bookings growth this year, capitalizing on strong travel demand. It estimates the travel TAM in its local Latin America market to be $150 billion, indicating that it is less than 1% penetrated into this market. The company trades at a cheap
SIMO, ODP and DESP made it to the Zacks Rank #1 (Strong Buy) growth stocks list on July 5, 2024.
ODP, KNBWY and DESP made it to the Zacks Rank #1 (Strong Buy) growth stocks list on July 2, 2024.
Despegar.com (DESP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
The Zacks Industry Rank for the Transportation-Services industry paints a dull picture mainly owing to lackluster freight demand. We believe stocks like EXPD, MATX and DESP represent investment opportunities despite the crisis.
Does Despegar.com (DESP) have what it takes to be a top stock pick for momentum investors? Let's find out.
Q1 2024 financials show impressive growth in gross bookings and revenue, particularly in the Brazilian market. Despegar.com has continued to reduce its long-term debt. I continue to take a bullish view on Despegar.com.
Despegar.com, Corp. (NYSE:DESP – Free Report) – Equities researchers at B. Riley reduced their Q2 2024 earnings per share estimates for shares of Despegar.com in a note issued to investors on Friday, May 17th. B. Riley analyst N. Khan now expects that the company will post earnings of $0.14 per share for the quarter, down from their previous forecast of $0.15. B. Riley has a “Buy” rating and a $19.00 price target on the stock. The consensus estimate for Despegar.com’s current full-year earnings is $0.76 per share. B. Riley also issued estimates for Despegar.com’s Q3 2024 earnings at $0.20 EPS, Q4 2024 earnings at $0.43 EPS, FY2024 earnings at $0.96 EPS and FY2025 earnings at $1.49 EPS. A number of other brokerages have also recently commented on DESP. Cantor Fitzgerald lifted their price target on Despegar.com from $14.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday. Citigroup reaffirmed a “neutral” rating and set a $14.50 price target (up previously from $11.50) on shares of Despegar.com in a research report on Monday, April 29th. Check Out Our Latest Report on DESP Despegar.com Stock Up 19.1 % Shares of DESP opened at $14.94 on Monday. The stock has a 50-day moving average of $12.00 and a two-hundred day moving average of $9.86. Despegar.com has a one year low of $5.55 and a one year high of $15.54. Hedge Funds Weigh In On Despegar.com Institutional investors and hedge funds have recently modified their holdings of the stock. Activest Wealth Management acquired a new position in shares of Despegar.com in the 1st quarter valued at about $39,000. Tucker Asset Management LLC acquired a new position in Despegar.com in the 4th quarter worth about $40,000. Tower Research Capital LLC TRC raised its holdings in Despegar.com by 83.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,617 shares of the company’s stock worth $44,000 after purchasing an additional 2,104 shares during the period. Quantbot Technologies LP acquired a new position in Despegar.com in the 3rd quarter worth about $74,000. Finally, Counterpoint Mutual Funds LLC acquired a new position in Despegar.com in the 4th quarter worth about $99,000. Institutional investors and hedge funds own 67.93% of the company’s stock. About Despegar.com (Get Free Report) Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products to leisure and corporate travelers through its websites and mobile applications in Latin America and the United States. The company operates in two segments, Travel Business and Financial Services Business.