On Oct 24, major Wall Street analysts update their ratings for $Hilton Worldwide (HLT.US)$, with price targets ranging from $240 to $256.
Morgan Stanley analyst Stephen Grambling maintains with a buy rating, and maintains the target price at $245.
Barclays analyst Brandt Montour maintains with a buy rating, and adjusts the target price from $244 to $243.
Evercore analyst Duane Pfennigwerth maintains with a hold rating, and maintains the target price at $240.
TD Cowen analyst Kevin Kopelman maintains with a buy rating, and adjusts the target price from $230 to $256.
Furthermore, according to the comprehensive report, the opinions of $Hilton Worldwide (HLT.US)$'s main analysts recently are as follows:
The macroeconomic backdrop has shown signs of slowing, which has slightly impacted the forecast for overall revenue per available room (RevPAR) growth for Hilton looking ahead to 2025.
Hilton reported third-quarter EBITDA and earnings that exceeded expectations, notwithstanding weaker RevPAR results, and issued fourth-quarter guidance below the consensus. It is suggested that this report might cause investors in lodging C-corporations to reassess their positions. While there is a noted deceleration in Hilton's RevPAR, the company's unit growth projections are stable, and the pace of group bookings for 2025 and 2026 offers a measure of assurance to investors.
The firm noted that Hilton's RevPAR missed at 1.4% versus the guided 2-3%, attributed to a weaker September influenced by calendar events, conditions in the US/APAC, weather-related issues, labor factors, and the situation in China.
The firm has adjusted its perspective on Hilton following a Q3 EBITDA that exceeded expectations by 2%, driven by positive performance in Owned/leased segments and timing factors, with gross fees meeting projections. It's noted that the Q4 RevPAR forecast has been moderated to an increase of 1%-2%, yet the forecast for FY25 NUG is still expected to be met.
The firm's perspective is that the update on Hilton is largely consistent with what analysts and investors anticipated. Expectations had moderated in the weeks before the update due to softness in domestic revenue per available room, despite the shares trading at peak levels.
Here are the latest investment ratings and price targets for $Hilton Worldwide (HLT.US)$ from 4 analysts:
Note:
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