- The shares of Vacasa, Inc. (NASDAQ: VCSA) have received a $10 price target from JPMorgan. These are the details.
The shares of Vacasa, Inc. (NASDAQ: VCSA) have received a $10 price target from JPMorgan. And JPMorgan analyst Doug Anmuth initiated coverage on Vacasa with an “Overweight” rating.
Anmuth noted that Vacasa is the largest end-to-end vacation rental management platform placing primary emphasis on serving homeowners. And Anmuth believes Vacasa’s solid execution across supply acquisition, local operations, and distribution leading up to and during the pandemic allowed it to benefit from strong demand for alternative accommodations during the recovery.
Going forward, Anmuth feels the company will remain a strategic partner to Airbnb, Booking Holdings, and Expedia.
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