Yatra Online (YTRA – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst yesterday. Analyst Scott Buck from H.C. Wainwright reiterated a Buy rating on the stock and has a $3.00 price target.
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Scott Buck has given his Buy rating due to a combination of factors including Yatra Online’s strategic shift towards the Meetings, Incentives, Conferences, and Exhibitions (MICE) sector, which is expected to grow significantly in the coming years. Despite a recent decline in Yatra’s stock performance, largely due to macroeconomic uncertainties and geopolitical tensions, the company is poised for potential growth as these issues stabilize.
Buck also highlights the potential for a meaningful catalyst through the simplification of Yatra’s legal and corporate structure, which could enhance the valuation of its U.S.-listed shares. Furthermore, the long-term growth opportunities within India’s travel market present a favorable risk-reward scenario for investors. These factors, combined with modest adjustments to financial estimates, support the Buy rating with a price target of $3.00.