Prosus Completes Acquisition of Despegar, Expanding in Latin America

Despegar ( (DESP) ) has issued an update.

On May 15, 2025, Prosus, a global technology company, completed its acquisition of Despegar, Latin America’s leading online travel agency, for $19.50 per share. This acquisition, approved by Despegar’s board and shareholders, marks a strategic expansion for Prosus in Latin America, enhancing its digital lifestyle ecosystem across various sectors. The integration of Despegar into Prosus’s portfolio aims to accelerate growth and innovation, leveraging Prosus’s scale and expertise in AI to redefine lifestyle ecommerce in the region.

The most recent analyst rating on (DESP) stock is a Hold with a $19.50 price target. To see the full list of analyst forecasts on Despegar stock, see the DESP Stock Forecast page.

Spark’s Take on DESP Stock

According to Spark, TipRanks’ AI Analyst, DESP is a Outperform.

Despegar’s stock score reflects strong financial recovery with notable improvements in revenue and profit margins. Technical indicators show positive momentum, though valuation metrics raise concerns due to negative P/E ratio and lack of dividend yield. The positive earnings call sentiment boosts the score, highlighting strategic growth initiatives and partnerships. However, balance sheet issues like negative equity and cash flow challenges remain key risks.

To see Spark’s full report on DESP stock, click here.

More about Despegar

Despegar is the leading travel technology company in Latin America, known for revolutionizing the tourism industry in the region through technology over the past two decades. It operates in 20 countries and includes brands such as Decolar, Best Day, and Viajes Falabella. Despegar focuses on improving people’s lives by transforming the shopping experience and democratizing access to travel through alternative payment and financing methods. Its shares are traded on the New York Stock Exchange under the symbol DESP.

Average Trading Volume: 2,503,854

Technical Sentiment Signal: Buy

Current Market Cap: $1.63B

Find detailed analytics on DESP stock on TipRanks’ Stock Analysis page.