TD Cowen upgrades Despegar to 'hold' on Prosus buyout deal

Investing.com

2024-12-25

Investing.com -- TD Cowen upgraded Despegar.com Corp (NYSE:DESP) to "hold" from "sell" after the Latin American online travel firm agreed to be acquired by Prosus (OTC:PROSF) for $19.50 per share in cash.

The deal, representing a 33% premium to Despegar's Friday close, values the company at 26 times its expected 2025 earnings.

TD Cowen noted that the valuation is high relative to peers but reflects potential synergies in cost and cross-selling.

Despegar, an online travel platform with a strong presence in Latin America, has faced headwinds recently due to macroeconomic and currency pressures in Brazil. The deal price reflects a turnaround opportunity amid slowing growth relative to industry peers, TD Cowen noted.

Expedia (NASDAQ:EXPE), which owns an 11.4% stake in Despegar, will benefit from the deal but is not expected to make a competing offer, according to TD Cowen. The company has a long-term supply partnership with Despegar, contributing $405 million in gross booking volume in 2023, or 0.4% of Expedia's total.

Related Articles

TD Cowen upgrades Despegar to 'hold' on Prosus buyout deal

Starbucks strike to expand to over 300 US stores on Christmas Eve, union says

Apple seeks to participate in Google's US antitrust trial, Reuters reports

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2494031973"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2494031973\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2494031973?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-25 00:43","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2494031973","market":"us","top_or_hot":-1,"title":"TD Cowen upgrades Despegar to 'hold' on Prosus buyout deal","media":"Investing.com","content":"<html><body><p>Investing.com -- TD Cowen upgraded Despegar.com Corp (NYSE:DESP) to \"hold\" from \"sell\" after the Latin American online travel firm agreed to be acquired by Prosus (OTC:PROSF) for $19.50 per share in cash.</p>\n<p>The deal, representing a 33% premium to Despegar's Friday close, values the company at 26 times its expected 2025 earnings.</p>\n<p>TD Cowen noted that the valuation is high relative to peers but reflects potential synergies in cost and cross-selling.</p>\n<p>Despegar, an online travel platform with a strong presence in Latin America, has faced headwinds recently due to macroeconomic and currency pressures in Brazil. The deal price reflects a turnaround opportunity amid slowing growth relative to industry peers, TD Cowen noted.</p>\n<p> <a href=\"https://laohu8.com/S/EXPE\">Expedia</a> (NASDAQ:EXPE), which owns an 11.4% stake in Despegar, will benefit from the deal but is not expected to make a competing offer, according to TD Cowen. The company has a long-term supply partnership with Despegar, contributing $405 million in gross booking volume in 2023, or 0.4% of Expedia's total.</p>\n<p>Related Articles</p>\n<p>TD Cowen upgrades Despegar to 'hold' on Prosus buyout deal</p>\n<p>Starbucks strike to expand to over 300 US stores on Christmas Eve, union says</p>\n<p>Apple seeks to participate in Google's US antitrust trial, Reuters reports</p>\n</body></html>","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TD Cowen upgrades Despegar to 'hold' on Prosus buyout deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTD Cowen upgrades Despegar to 'hold' on Prosus buyout deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-25 00:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/td-cowen-upgrades-despegar-hold-164344423.html><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investing.com -- TD Cowen upgraded Despegar.com Corp (NYSE:DESP) to \"hold\" from \"sell\" after the Latin American online travel firm agreed to be acquired by Prosus (OTC:PROSF) for $19.50 per share in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/td-cowen-upgrades-despegar-hold-164344423.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DESP","symbol_name":"Despegar.com Corp.","start_time":0,"source_url":"https://finance.yahoo.com/news/td-cowen-upgrades-despegar-hold-164344423.html","article_id":"2494031973","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2494031973","pubTimestamp":1735058624,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Investing.com --TD Cowen upgraded Despegar.com Corp  to \"hold\" from \"sell\" after the Latin American online travel firm agreed to be acquired by Prosus  for $19.50 per share in cash.The deal, representing a 33% premium to Despegar's Friday close, values the company at 26 times its expected 2025 earnings.TD Cowen noted that the valuation is high relative to peers but reflects potential synergies in cost and cross-selling.Despegar, an online travel platform with a strong presence in Latin America, has faced headwinds recently due to macroeconomic and currency pressures in Brazil. The deal price reflects a turnaround opportunity amid slowing growth relative to industry peers, TD Cowen noted.Expedia , which owns an 11.4% stake in Despegar, will benefit from the deal but is not expected to make a competing offer, according to TD Cowen. The company has a long-term supply partnership with Despegar, contributing $405 million in gross booking volume in 2023, or 0.4% of Expedia's total.Starbucks ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"DESP":"Despegar.com Corp.","COWN":"高宏集团","EXPE":"Expedia","TD":"道明银行"},"translate_title":"TD Cowen将Despegar升级为“持有”Prosus收购交易","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COWN":1,"DESP":0.9,"EXPE":0.9,"TD":1},"content_text":"Investing.com -- TD Cowen upgraded Despegar.com Corp (NYSE:DESP) to \"hold\" from \"sell\" after the Latin American online travel firm agreed to be acquired by Prosus (OTC:PROSF) for $19.50 per share in cash.\nThe deal, representing a 33% premium to Despegar's Friday close, values the company at 26 times its expected 2025 earnings.\nTD Cowen noted that the valuation is high relative to peers but reflects potential synergies in cost and cross-selling.\nDespegar, an online travel platform with a strong presence in Latin America, has faced headwinds recently due to macroeconomic and currency pressures in Brazil. The deal price reflects a turnaround opportunity amid slowing growth relative to industry peers, TD Cowen noted.\n Expedia (NASDAQ:EXPE), which owns an 11.4% stake in Despegar, will benefit from the deal but is not expected to make a competing offer, according to TD Cowen. The company has a long-term supply partnership with Despegar, contributing $405 million in gross booking volume in 2023, or 0.4% of Expedia's total.\nRelated Articles\nTD Cowen upgrades Despegar to 'hold' on Prosus buyout deal\nStarbucks strike to expand to over 300 US stores on Christmas Eve, union says\nApple seeks to participate in Google's US antitrust trial, Reuters reports","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}