Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Despegar Com (DESP) Stock Price
News headlines about Despegar Com (NASDAQ:DESP) have been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Despegar Com earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the company an impact score of 47.5349233274262 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Separately, Guggenheim assumed coverage on shares of Despegar Com in a research report on Thursday, September 28th. They issued a “buy” rating and a $38.00 price target for the company.
Despegar Com (NASDAQ:DESP) opened at 32.00 on Wednesday. The stock’s market capitalization is $2.15 billion. Despegar Com has a 12 month low of $27.91 and a 12 month high of $33.40. The company’s 50-day moving average is $31.84 and its 200-day moving average is $31.84.
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About Despegar Com
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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