** Shares of TBO Tek TBOT.NS rise 4.7% to 1,614 rupees

** Jefferies and Ambit raise PT to 1,800 rupees and 1,725 rupees, respectively; both reiterate "buy"

** Jefferies says $125 million deal for U.S.-based luxury travel wholesaler Classic Vacations will be earnings per share accretive in the near term

** Adds, deal will drive 20%-40% jump in rev/EBITDA for TBO, and after accounting for acquisition cost, raises EPS by ~2%-6% for FY25-28

** Ambit says while the acquisition is a bit more expensive than TBO's previous acquisitions, it is still reasonably priced and benefits from Classic's cash reserves of $80 mln

** Travel distributor's shares rose as much as 15% on Thursday after the deal was announced

** Eight analysts rate it "buy" on average, median PT 1,725 rupees - data compiled by LSEG

** Stock down 8.34% YTD

(Reporting by Urvi Dugar)

((UrviManoj.Dugar@thomsonreuters.com;))