Hostelworld (HSW) Receives a Buy from Canaccord Genuity

In a report released yesterday, from Canaccord Genuity reiterated a Buy rating on Hostelworld, with a price target of p205.00.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.

In a report released on July 9, Berenberg Bank also reiterated a Buy rating on the stock with a p171.00 price target.

Based on Hostelworld’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p47.04 million and a net profit of p5.89 million. In comparison, last year the company earned a revenue of p45.57 million and had a net profit of p6.58 million