ICICI Securities initiated coverage on RateGain Travel Technologies with 'BUY' rating and a target price of ₹1,050, valuing the stock at 30x FY28E EPS.
On the margin front, RateGain's management expects the company to deliver an EBITDA of ₹650 crore to ₹700 crore at a margin of 21.5 per cent to 22.5 per cent for FY27.
The company reported revenue growth of 174.5 per cent in Q4FY26 over the corresponding quarter last year, posting its highest-ever quarterly revenue of ₹715.5 crore