UPDATE: Needham & Company Starts Vacasa, Inc. (VCSA) at Buy

Needham & Company analyst Bernie McTernan initiates coverage on Vacasa, Inc. (NASDAQ: VCSA) with a Buy rating and a price target of $13.00.

The analyst comments "We initiate coverage on VCSA shares with a Buy rating and a $13 price target. We see VCSA as a beneficiary of rising demand for alternative accommodations in the travel industry and of consumers' growing desire to serve as both supply and demand for lodging. As a supply aggregator, VCSA is just scratching the surface of this opportunity, and we see a runway for it more than doubling its active homes by '25E, driving a 25% revenue CAGR and a >10% adj. EBITDA margin."

For an analyst ratings summary and ratings history on Vacasa, Inc. click here. For more ratings news on Vacasa, Inc. click here.

Shares of Vacasa, Inc. closed at $8.45 yesterday.

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