2340 GMT - WEB Travel keeps its bull at Goldman Sachs on the prospect of continued revenue growth thanks to stable margins on higher total transaction values. Analysts at GS tell clients that they still see robust growth in the hotel wholesale market and reckon that WEB Travel's WebBeds business can grow total transaction value from A$5 billion in fiscal 2025 to A$10 billion in fiscal 2030. Noting the 36% share-price fall that followed the travel-booking provider's downgraded outlook, they say that the stock is now trading at an undemanding earnings multiple and maintain a buy rating. Target price falls 18% to A$6.70. Shares are up 1.1% at A$4.58. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
October 14, 2024 19:40 ET (23:40 GMT)
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