As this happened, TD Cowen upgraded its Despegar.com Corp [DESP] rating to a Hold from a a Sell in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in late November from “a Buy” to “a Sell”. Citigroup also remained covering DESP and has decreased its forecast on April 29, 2024 with a “Neutral” recommendation from previously “Buy” rating. Cantor Fitzgerald started covering the stock on March 07, 2024. It rated DESP as “an Overweight”.
Price Performance Review of DESP
On Monday, Despegar.com Corp [NYSE:DESP] saw its stock unchanged to $19.46. Over the last five days, the stock has gained 0.10%. Despegar.com Corp shares have risen nearly 1.09% since the year began. Nevertheless, the stocks have risen 51.68% over the past one year. While a 52-week high of $19.55 was reached on 05/06/25, a 52-week low of $9.25 was recorded on 03/31/25. SMA at 50 days reached $19.19, while 200 days put it at $16.31.
Levels Of Support And Resistance For DESP Stock
The 24-hour chart illustrates a support level at 19.45, which if violated will result in even more drops to 19.44. On the upside, there is a resistance level at 19.47. A further resistance level may holdings at 19.48. The Relative Strength Index (RSI) on the 14-day chart is 64.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.13%. Stochastics %K at 94.02% indicates the stock is a selling.
