JMP Securities analyst Nicholas Jones CFA has maintained their bullish stance on MOND stock, giving a Buy rating on May 10.
Nicholas Jones CFA has given his Buy rating due to a combination of factors that suggest a robust financial performance and promising outlook for Mondee Holdings. The company exceeded revenue expectations in the first quarter and raised its full-year revenue forecast while maintaining its adjusted EBITDA guidance. Mondee’s strategic shift towards non-air revenue streams has resulted in a higher-than-expected take rate, and its investments in artificial intelligence and machine learning are expected to enhance sales, marketing efficiency, and introduce new features to its AI travel assistant. Furthermore, Mondee’s improved cash position and positive cash flow from operations indicate a strong financial health, supporting the anticipation of full-year free cash flow in the near future.
Additionally, Mondee’s stock price has recently declined, which, in Jones’ view, presents an opportunity given that the company’s fundamentals remain strong. The company’s market performance, coupled with its upwardly revised revenue guidance and consistent EBITDA outlook, underlines its potential for growth. Mondee’s focus on organic growth and driving synergies following its M&A activity, as well as the expectation of positive full-year free cash flow, are also factors reinforcing Jones’ Buy rating. The valuation model used by Jones reflects a modest premium compared to the broader comparative group, which further substantiates the rationale behind the Buy recommendation for Mondee Holdings.
In another report released on May 10, Roth MKM also reiterated a Buy rating on the stock with a $4.10 price target.
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Mondee Holdings (MOND) Company Description:
ITHAX Acquisition Corp is a blank check company.
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