Mondee price target lowered to $4.50 from $6.50 at Northland

Northland lowered the firm’s price target on Mondee to $4.50 from $6.50 and keeps an Outperform rating on the shares after the company reported Q4 results. With the recent launch of the Abhi A.I. platform into the travel marketplace, Mondee is continuing to execute on its growth strategy and launching a modern marketing campaign combined with the new A.I. platform and influencer strategy to better capture millennial and Gen Z travelers, the analyst noted.