Wedbush Maintains an 'Outperform' on Travelzoo (TZOO); June Local Deals +18%; Strong Growth Likely To Continue and To Offset Cost Concerns
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Price: $7.14 -1.38%
Rating Summary:
7 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
7 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wedbush maintains an 'Outperform' on Travelzoo (NASDAQ: TZOO), PT $107.
Wedbush analyst says, "Travelzoo’s Local Deals business increased 18% from May, generating an estimated $3.5 million in net revenues in June...Despite high valuation and recent volatility and weakness with share price, we remain positive longer term on Travelzoo as we believe the company’s growth prospects remain very high...While we have historically valued Travelzoo on a P/E multiple, we believe that a comparable valuation based on sales is now more reasonable given the much higher growth rate in its Local Deals business and the estimated high valuations given to its peer (privately-held Groupon)."
For more ratings news on Travelzoo click here and for the rating history of Travelzoo click here.
Shares of Travelzoo closed at $64.64 yesterday.
Wedbush analyst says, "Travelzoo’s Local Deals business increased 18% from May, generating an estimated $3.5 million in net revenues in June...Despite high valuation and recent volatility and weakness with share price, we remain positive longer term on Travelzoo as we believe the company’s growth prospects remain very high...While we have historically valued Travelzoo on a P/E multiple, we believe that a comparable valuation based on sales is now more reasonable given the much higher growth rate in its Local Deals business and the estimated high valuations given to its peer (privately-held Groupon)."
For more ratings news on Travelzoo click here and for the rating history of Travelzoo click here.
Shares of Travelzoo closed at $64.64 yesterday.
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