Mondee initiated with a Buy at Roth Capital

Roth Capital analyst Darren Aftahi initiated coverage of Mondee with a Buy rating and $12 price target. The company’s "feature-rich" technology disrupts legacy platforms with a gig-style model serving multiple customer types in a unified travel marketplace, Aftahi tells investors in a research note. The analyst says that while content expansion should help diversify Mondee’s mix, the company’s airline potential remains large at only 5% current market share.