Webjet's Conversion Capability Is Being Overlooked -- Market Talk

Dow Jones03-25

2339 GMT - Webjet's superior ability to turn visitors into customers is not fully appreciated by investors, UBS analyst Tim Plumbe says. Already bullish on the stock, Plumbe tells clients in a note that the Australian travel agent's ability to customize user experience through technology, big data and AI could drive material sales growth. This could be well in excess of current market expectations, he adds. Webjet's latest strategy day, which was centered on its hotel marketplace business, improves Plumbe's confidence in the company's competitive advantage. He lifts its target price 17% to A$10.00 after rolling forward his valuation and incorporating stronger long-term forecasts. Shares are up 0.7% at A$8.80. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

March 24, 2024 19:39 ET (23:39 GMT)

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Already bullish on the stock, Plumbe tells clients in a note ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7070","symbol_name":"酒店、度假村与豪华游轮","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2422586841","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2422586841","pubTimestamp":1711323540,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2339 GMT - Webjet's superior ability to turn visitors into customers is not fully appreciated by investors, UBS analyst Tim Plumbe says. 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