0337 GMT - Webjet's bull at Wilsons stays positive on the stock despite the Australian travel agent flagging increased spending on marketing. Analyst Ben Wilson tells clients in a note, that Webjet's ambition to double its annual transaction value by fiscal 2030 comes at a significant cost. In addition to expenditure on a brand relaunch, he points to a gradual moderation in revenue as a proportion of transaction value. However, the stock is still cheap compared to peers, trading at three times Wilsons' fiscal 2026 Ebitda forecast. Wilsons cuts its target price by 7.2% to A$0.90 and keeps an overweight rating on the stock. Shares are flat at A$0.56. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 19, 2025 23:37 ET (03:37 GMT)
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