OneSpaWorld leaps after Jefferies starts coverage at 'buy'

OneSpaWorld Holdings OSW.O shares up 7.7% at $23.34 on Tues after Jefferies initiates coverage with 'buy' rating

OSW stock on course for largest pct gain since Apr 9. Shares within spitting distance of the intraday record high of $23.54 from Feb 17

Jefferies sets PT at $30, implying 38% upside to stock's last close

OSW sits at the intersection of durable cruise industry growth, rising prioritization of wellness, and "monopoly-like market position" in outsourced maritime wellness services, Jefferies wrote in note to clients

With highly visible sales growth, accelerating ship-level productivity, and best-in-class cash conversion, OSW offers a rare combination of growth, defensiveness, and free cash flow durability, Jefferies said

Now, 4 analysts rate the stock "strong buy", 2 rate "buy" and their median PT is $26, per LSEG

With move on the session, stock up ~12% YTD and well outperforming Nasdaq's .IXIC ~6% decline