BofA Securities Begins Coverage of Global Business Travel Group (GBTG) Stock

Global Business Travel Group, Inc. (NYSE:GBTG) is one of the Most Undervalued Stocks Under $10 to Buy Right Now. On April 7, BofA Securities began coverage of the company’s stock with a “Neutral” rating and a price objective of $6.50. The firm cited concerns related to the company’s dependency on the traditional service methods. The analyst highlighted that the majority of Global Business Travel Group, Inc. (NYSE:GBTG)’s calls are attended by live agents, while it continues to adopt AI-assisted servicing gradually.

BofA Securities Begins Coverage of Global Business Travel Group (GBTG) Stock

Furthermore, the firm cited concerns related to Global Business Travel Group, Inc. (NYSE:GBTG)’s booking infrastructure. As per the firm, its legacy booking infrastructure is vulnerable to the tech-driven competitors. The company’s technology challenges might impact the near-term operating leverage as well as multiple expansions.

In a separate release, Citi reduced its price objective on the company’s stock to $9 from $11, while keeping a “Buy” rating. The firm opines that the company has been executing well.

Global Business Travel Group, Inc. (NYSE:GBTG) is a technology and services company.

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