Business
Is the Webjet (ASX:WEB) share price a bargain buy?
The Webjet Limited (ASX: WEB) share price has been out of form over the last four weeks.
Since this time on 18 March, the online travel agent’s shares have fallen approximately 15%.
This has been driven by concerns over the vaccine rollout and its decision to raise more funds last week.
Is this a buying opportunity?
According to a note out of Goldman Sachs this morning, its analysts believe the recent weakness in the Webjet share price is a buying opportunity.
Although the broker has downgraded its earnings forecasts to reflect its convertible notes offering, it has retained the buy rating and $7.00 price target it has on its shares.
Based on the current Webjet share price of $5.31, this implies potential upside of almost 32%…
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