Citi Raises Web Travel Group Target Price Amid Positive FY25 Outlook

2 min read | November 28, 2024 12:59 PM AEDT | By Team Kalkine Media

Citi Raises Web Travel Group Target Price Amid Positive FY25 Outlook — Image source: Shutterstock

Citi’s Analysis

While Citi acknowledged that the overall results and outlook were “better than feared,” it noted that adjustments for pro-forma corporate costs and accounting changes left the outcomes broadly aligned with expectations.

Citi highlighted several positives in Web Travel Group’s results, including strong TTV growth and the improved revenue margin. However, the company’s year-to-date stock performance remains under pressure, with a 25.8% decline as of the last close.

Market Sentiment

Despite challenges, Web Travel Group's steady revenue and strategic buyback are seen as potential stabilizers for its stock. Investors and analysts remain cautiously optimistic, with Citi's updated target price signaling confidence in the company’s longer-term prospects while acknowledging near-term risks

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