Mondee Holdings, Inc. (MOND) PT Lowered to $3.25 at Roth/MKM

Roth/MKM analyst Darren Aftahi lowered the price target on Mondee Holdings, Inc. (NASDAQ: MOND) to $3.25 (from $4.10) while maintaining a Buy rating.

The analyst comments "Working capital constraints and softening demand impacted 2Q and into 3Q, leading to a lower outlook for FY24. Capital constraints were addressed with 2028 extensions. Despite weaker demand, MOND's focus on higher take rate offerings like packages could help capitalize on consumer price sensitivity, diversify its transaction mix, and expand margins. However, this strategy needs to be executed over the coming quarters. With revisions to estimates and macro concerns, we lower our price target to $3.25."

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