Despegar.com (DESP) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Despegar.com in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" DESP shares.
View DESP analyst ratings or view top-rated stocks.

4 Wall Street research analysts have issued 12-month target prices for Despegar.com's shares. Their DESP share price forecasts range from $6.00 to $10.50. On average, they anticipate the company's stock price to reach $7.88 in the next year. This suggests a possible upside of 18.4% from the stock's current price.
View analysts price targets for DESP or view top-rated stocks among Wall Street analysts.

Despegar.com's stock was trading at $5.13 at the start of the year. Since then, DESP stock has increased by 29.6% and is now trading at $6.65.
View the best growth stocks for 2023 here.

Despegar.com saw a drop in short interest in April. As of April 30th, there was short interest totaling 986,800 shares, a drop of 8.6% from the April 15th total of 1,080,000 shares. Based on an average trading volume of 279,000 shares, the short-interest ratio is currently 3.5 days. Currently, 1.8% of the shares of the stock are sold short.
View Despegar.com's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 17th 2023.
View our DESP earnings forecast.

Despegar.com, Corp. (NYSE:DESP) posted its quarterly earnings data on Thursday, May, 18th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.01 by $0.11. The company had revenue of $158.71 million for the quarter, compared to the consensus estimate of $153.13 million.

ETFs with the largest weight of Despegar.com (NYSE:DESP) stock in their portfolio include ETFMG Travel Tech ETF (AWAY), Global X MSCI Argentina ETF (ARGT) and FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ).Emerging Markets Internet & Ecommerce ETF (EMQQ).

Despegar.com issued an update on its FY 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $640.00 million-$700.00 million, compared to the consensus revenue estimate of $632.31 million.

90 employees have rated Despegar.com Chief Executive Officer Damian Scokin on Glassdoor.com. Damian Scokin has an approval rating of 72% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Despegar.com investors own include Allena Pharmaceuticals (ALNA), Autolus Therapeutics (AUTL), Invesco (IVZ), Sorrento Therapeutics (SRNE), Akari Therapeutics (AKTX), Ampio Pharmaceuticals (AMPE), Avadel Pharmaceuticals (AVDL), BorgWarner (BWA) and electroCore (ECOR).

(DESP) raised $314 million in an IPO on Wednesday, September 20th 2017. The company issued 12,800,000 shares at a price of $23.00-$26.00 per share. Morgan Stanley and Citigroup acted as the underwriters for the IPO and Itau BBA, UBS Investment Bank, Cowen and KeyBanc Capital Markets were co-managers.

Despegar.com trades on the New York Stock Exchange (NYSE) under the ticker symbol "DESP."

Despegar.com's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Moerus Capital Management LLC (6.91%), Mitsubishi UFJ Trust & Banking Corp (5.05%), Medina Value Partners LLC (3.32%), Bares Capital Management Inc. (3.22%), Artisan Partners Limited Partnership (3.10%) and Sapience Investments LLC (1.73%).

Shares of DESP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DESP stock can currently be purchased for approximately $6.65.

Despegar.com (NYSE:DESP) has a market capitalization of $439.27 million and generates $584.27 million in revenue each year. The company earns $-68,520,000.00 in net income (profit) each year or ($0.85) on an earnings per share basis.

The company employs 4,543 workers across the globe.

Despegar.com's mailing address is JUANA MANSO 999, BUENOS AIRES C1, C1107CBR. The official website for the company is www.despegar.com.ar. The company can be reached via phone at 541148943500.