0213 GMT - SiteMinder's relatively full valuation and the early-stage nature of its new products keep Goldman Sachs analysts neutral on the stock. They tell clients in a note that the accommodation-tech provider's 1Q update showed higher-than-expected growth in property additions, but they think that a normalization in global travel demand is likely to have a continued impact on transaction margins and uptake of products by customers. Progress on new products is seen as positive, but some way from making a meaningful contribution. GS lifts its target price by 7.0% to A$6.10. Shares are up 1.2% at A$6.70. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
October 28, 2024 22:13 ET (02:13 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。