Despegar.com Corp. (DESP) Price Target Increased to $32.00 by Analysts at Morgan Stanley

Despegar.com Corp. (NYSE:DESP) had its price target upped by Morgan Stanley from $31.00 to $32.00 in a research report report published on Friday morning. They currently have an equal weight rating on the stock.

Several other equities analysts have also recently weighed in on DESP. Guggenheim initiated coverage on Despegar.com Corp. in a research note on Thursday, September 28th. They set a buy rating and a $38.00 target price on the stock. KeyCorp initiated coverage on Despegar.com Corp. in a research note on Monday, October 16th. They set an overweight rating and a $40.00 target price on the stock. UBS AG initiated coverage on Despegar.com Corp. in a research note on Monday, October 16th. They set a neutral rating and a $36.00 target price on the stock. Finally, Citigroup Inc. initiated coverage on Despegar.com Corp. in a research note on Tuesday, October 17th. They set a neutral rating and a $34.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $36.00.

Despegar.com Corp. (DESP) traded down $0.66 during trading hours on Friday, reaching $28.50. The company’s stock had a trading volume of 423,839 shares, compared to its average volume of 211,446. Despegar.com Corp. has a 52 week low of $27.25 and a 52 week high of $34.70.

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A number of large investors have recently added to or reduced their stakes in DESP. Grandeur Peak Global Advisors LLC acquired a new stake in shares of Despegar.com Corp. during the 3rd quarter valued at about $160,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Despegar.com Corp. during the 3rd quarter valued at about $192,000. Nationwide Fund Advisors acquired a new stake in shares of Despegar.com Corp. during the 3rd quarter valued at about $253,000. SG Americas Securities LLC acquired a new stake in shares of Despegar.com Corp. during the 3rd quarter valued at about $332,000. Finally, Davidson Kempner Capital Management LP acquired a new stake in shares of Despegar.com Corp. during the 3rd quarter valued at about $640,000. 3.15% of the stock is currently owned by institutional investors.

About Despegar.com Corp.

Despegar.com Corp is an Argentina-based travel agency. The Company’s activities are divided into two business segments: Air, as well as Packages, Hotels and Other Travel Products. The Air division focuses on the sale of airline tickets. The Packages, Hotels and Other Travel Products division includes sales of travel packages with or without airline tickets and hotel rooms, as well as stand-alone sales of hotel rooms, including vacation rentals, car rentals, bus tickets, cruise tickets, travel insurance and destination services.

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