Scott Buck, an analyst from H.C. Wainwright, reiterated the Buy rating on Yatra Online. The associated price target is $3.00.
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Scott Buck has given his Buy rating due to a combination of factors including Yatra Online’s strong performance in corporate travel and MICE (Meetings, Incentives, Conferences, and Exhibitions). The company reported better-than-expected financial results for F2Q26, with revenue significantly surpassing estimates and a notable improvement in adjusted EBITDA margin. This performance was largely driven by the addition of 34 new corporate travel clients, which expanded their annual billing potential significantly.
Furthermore, Yatra Online is expected to continue gaining market share in the corporate travel sector at a rate much faster than the overall market. The company also anticipates improvements in consumer travel and continues to see favorable progress in the MICE sector, which presents a substantial growth opportunity. Additionally, potential regulatory changes could provide a catalyst for U.S.-listed shares, which currently trade at a discount compared to locally listed shares. These factors contribute to the optimistic outlook and the Buy rating with a maintained price target of $3.
According to TipRanks, Buck is a 4-star analyst with an average return of 5.6% and a 33.47% success rate. Buck covers the Technology sector, focusing on stocks such as Lightpath Technologies, Veritone, and Mogo Finance Technology.