Rosenblatt launches online travel and mobility coverage, favors platform leaders
Rosenblatt initiated coverage of the online travel and mobility sector, favoring large platforms. Analyst Scott Devitt rated Uber, DoorDash, Booking Holdings, and Airbnb as Buy with respective targets of $100, $270, $245, and $220. He rated Instacart parent Maplebear, Lyft, and Expedia as Neutral with targets of $55, $19, and $360, citing competitive and structural challenges.
How this was made
The 30-second read
Why it matters
Analyst initiations provide fresh price targets and ratings, creating actionable entry points.
Market read
New coverage may shift short-term price dynamics for the listed companies.
What to watch
Potential regulatory changes to autonomous vehicles could affect Uber and Lyft.
Background
Rosenblatt launched a new sector coverage initiative for online travel and mobility.
Ticker impact
Rosenblatt initiated coverage on Uber with a Buy rating and $100 price target.
Potential short-term upside toward $100.
New coverage and target provide a clear entry point.
Rosenblatt started coverage on DoorDash with a Buy rating and $270 target.
Support for price rise toward $270.
Analyst view highlights defensibility and growth.
Rosenblatt initiated coverage on Booking Holdings with a Buy rating and $245 target.
Potential rally toward $245.
Analyst cites strong positioning in travel.
Rosenblatt started coverage on Airbnb with a Buy rating and $220 target.
Price may move toward $220.
Analyst sees overhang from new investments fading.
Rosenblatt initiated neutral coverage on Maplebear (Instacart) with a $55 target.
Limited upside, possible sideways movement.
Softening leadership noted despite healthy results.
Rosenblatt initiated neutral coverage on Lyft with a $19 target.
Potential modest downside.
Analyst flags competitive challenges.
Rosenblatt initiated neutral coverage on Expedia with a $360 target.
Possible sideways trading.
Slowing bookings and AI risk cited.
Market effects
Highlights strength of large travel and mobility platforms, may boost sector sentiment.
U.S. travel and mobility stocks could see increased buying pressure.
Sets a benchmark for global platform operators.
Counterpoint
Neutral ratings suggest overvaluation risk; investors may wait for clearer earnings.
Key entities
- Research FirmRosenblatt
Provider of the new coverage and ratings.
