Morgan Stanley rates WEB as Equal-weight

Published: 2026-05-10 20:31:06 ET MS

Published on 05/10/2026 at 08:31 pm EDT

Morgan Stanley believes Web Travel's Feb 9 trading update curbs the possible surprises for FY26 results; the analyst highlights other B2B peers have pointed to headwinds.

The outlook is emphasised as the main driver of the share price, including the war in the Middle East, forex headwinds and rate pressures across the industry and is viewed as having changed considerably since the update.

Morgan Stanley retains an Equal-weight rating and $3.75 target. Industry View: In-Line.

Sector: Retailing.

Target price is $3.75.Current Price is $2.75. Difference: $1.00 - (brackets indicate current price is over target). If WEB meets the Morgan Stanley target it will return approximately 27% (excluding dividends, fees and charges - negative figures indicate an expected loss).