Deutsche Bank Starts Kayak Software (KYAK) at Buy; Maneuvering Through The Rapids

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Deutsche Bank initiates coverage on Kayak Software (NASDAQ: KYAK) with a Buy. PT $35.00.

Deutsche analyst said, "Kayak is the leading metasearch company in the high margin travel advertising space, providing investors a way to capture the secular shift in user time spent researching and booking travel online. We see ongoing increases in unaided awareness, increased international penetration, and mobile monetization driving revenue growth over a multi-year period. We estimate Kayak will compound revenue at a 26% CAGR, Adj EBITDA at 32%, and Pro forma net income at 29% from 2011-2014E." maneuvering


For an analyst ratings summary and ratings history on Kayak Software click here. For more ratings news on Kayak Software click here.

Shares of Kayak Software closed at $29.37 yesterday, with a 52 week range of $28.90-$35.35.

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