DESP - Unfortunately Despegar Continues To Disappoint
Despegar.com Corp. (NYSE: DESP) is suffering from the Argentinian economic winter. In my previous articles, I expressed my optimism for the shares mostly due to Macri's business-friendly policies. Nevertheless, it seems that this rosy outlook never materialized. As a result, DESP continues to miss expectations quarter after quarter. In this article, I've updated my valuation on DESP in light of the most recent analyst forecasts. Unfortunately, it seems that DESP is currently overvalued by 24%. Thus, I believe it's best to avoid the shares for now.
Source: Despegar.com.
Overview
Despegar.com continues to be