Airbnb, Norwegian Cruise See Analyst Upgrades: Are Travel And Leisure Stocks The New Value Heaven?
Airbnb, Norwegian Cruise See Analyst Upgrades: Are Travel And Leisure Stocks The New Value Heaven?
Shares in the travel and leisure industry are increasingly catching the eye of value investors, presenting discounted valuations alongside promising growth prospects for the upcoming tourist season.
旅遊和休閒行業的股票越來越吸引價值投資者的注意，其估值折扣以及即將到來的旅遊季節的增長前景看好。
Since the start of the current bull-market rally, major industry exchange-traded funds (ETFs) tracking travel and leisure companies have underperformed relative to the broader stock market.
自當前牛市開始上漲以來，追蹤旅遊和休閒公司的主要行業交易所交易基金（ETF）相對於整個股市表現不佳。
The Defiance Hotel, Airline, and Cruise ETF (NYSE:CRUZ), the Alps Global Travel Beneficiaries ETF (NYSE:JRNY), and the AdvisorShares Hotel ETF (NYSE:BEDZ) have gained 28%, 24.5%, and 22.8%, respectively, compared to a 29% surge in the SPDR S&P 500 ETF Trust (NYSE:SPY) since late October 2023.
Defiance酒店、航空公司和郵輪ETF（紐約證券交易所代碼：CRUZ）、阿爾卑斯環球旅行受益人ETF（紐約證券交易所代碼：JRNY）和AdvisorShares酒店ETF（紐約證券交易所代碼：BEDZ）分別上漲了28％、24.5％和22.8％，而SPDR標準普爾500指數ETF（紐約證券交易所代碼：SPY）自2023年10月下旬以來上漲了29％。
Yet, the outlook for travel-related stocks is improving, drawing interest from traders looking to invest in underperforming sectors amid the broader bull market.
然而，旅遊相關股票的前景正在改善，這吸引了希望在更廣泛的牛市中投資表現不佳的行業的交易者的興趣。
Chart: Travel Stocks Lagged Behind The Broader S&P 500 In The Current Bull-Market Rally
圖表：在當前的牛市漲勢中，旅遊股落後於標準普爾500指數
Read also: Market Whales and Their Recent Bets on CCL Options
另請閱讀： 市場鯨魚及其最近對CCL期權的押注
What Happened: On Tuesday, Airbnb Inc. (NASDAQ:ABNB) and Norwegian Cruise Holdings Ltd. (NYSE:NCLH) received analyst upgrades.
發生了什麼：週二，愛彼迎公司（納斯達克股票代碼：ABNB）和挪威郵輪控股有限公司（紐約證券交易所代碼：NCLH）獲得了分析師升級。
Wedbush upgraded Airbnb Inc. from Neutral to Outperform, raising the price target from $160 to $165.
Wedbush將愛彼迎公司從中性上調至跑贏大盤，將目標股價從160美元上調至165美元。
Analyst Scott Devitt suggested investors should capitalize on this period of relative weakness, seeing potential upside to near-term estimates following conservative second-quarter guidance.
分析師斯科特·德維特建議，投資者應利用這段相對疲軟的時期，在第二季度保守的指導下，短期估計可能出現上行空間。
He emphasized Airbnb's strong growth prospects and significant potential as the company expanded beyond its core offerings. Wedbush highlighted Airbnb's leading competitive position in the alternative accommodation market and opportunities for growth in adjacent products and services.
他強調了愛彼迎強勁的增長前景和隨着公司擴展到核心產品以外的巨大潛力。Wedbush強調了愛彼迎在替代住宿市場的領先競爭地位以及相鄰產品和服務的增長機會。
"We believe the company's expansion will start with the relaunch of Airbnb experiences, with an announcement likely within the next 6-12 months," Wedbush noted. The analyst increased estimates for the second quarter and second half revenue and adjusted EBITDA by 1% and 3%, respectively.
韋德布什指出：“我們認爲，該公司的擴張將從重新推出愛彼迎體驗開始，並可能在未來6-12個月內宣佈這一消息。”該分析師將第二季度和下半年收入的預期以及調整後的息稅折舊攤銷前利潤分別提高了1％和3％。
Shares of Airbnb Inc. rose 1.69% to $146.91 on Tuesday at publication.
週二公佈時，愛彼迎公司股價上漲1.69％，至146.91美元。
Mizuho Securities upgraded Norwegian Cruise Holdings from Neutral to Buy, raising the price target from $21 to $24.
瑞穗證券將挪威郵輪控股公司從中性上調至買入，將目標股價從21美元上調至24美元。
Executive Director Ben Chaiken noted a shift in sentiment towards the cruise line, driven by compelling valuations, improving business efficiency and a favorable industry backdrop.
執行董事本·柴肯指出，在令人信服的估值、業務效率的提高和有利的行業背景的推動下，人們對該郵輪公司的情緒發生了轉變。
"Valuation has completely reset," Chaiken remarked, highlighting that Norwegian Cruise has underperformed peer Royal Caribbean Cruise Ltd. (NYSE:RCL) by 160% since January 2023.
柴肯表示：“估值已完全重置，” 他強調說，自2023年1月以來，挪威郵輪的表現比同行皇家加勒比郵輪有限公司（紐約證券交易所代碼：RCL）低160％。
Mizuho Securities raised revenue forecasts from $9.35 billion to $9.41 billion for 2024, and from $9.97 billion to $10.13 billion for 2025, also boosting EBITDA forecasts.
瑞穗證券將2024年的收入預期從93.5億美元上調至94.1億美元，將2025年的收入預期從99.7億美元上調至101.3億美元，這也提高了息稅折舊攤銷前利潤的預測。
"Together, we find the risk/reward particularly compelling at current levels, with upside/downside of approximately 6:1," Chaiken stated.
柴肯說：“我們共同發現，在當前水平上，風險/回報尤其引人注目，上行/下行空間約爲 6:1。”
Shares of Norwegian Cruise Holdings rose 3.91% to $16.63 on Tuesday at publication.
週二公佈時，挪威郵輪控股公司的股價上漲3.91％，至16.63美元。
Top 10 Travel & Leisure Stocks With The Highest Upside Potential
上漲潛力最大的十大旅遊休閒股票
Currently, the Street's median price target on Airbnb and Norwegian Cruise Holdings is about 2.2% and 19.7% higher than current prices.
目前，華爾街對愛彼迎和挪威郵輪控股公司的目標股價中位數比當前價格高出約2.2％和19.7％。
Examining Travel & Leisure stocks included in the iShares Russell 1000 ETF (NYSE:IWB), the stocks with the highest upside potential based on the difference between the median Street price target and current prices are:
研究iShares Russell 1000 ETF（紐約證券交易所代碼：IWB）中包含的旅遊休閒類股票，根據華爾街目標股價中位數與當前價格之間的差異，上行潛力最大的股票是：
| Name | Median target (% vs. current price) |
|---|---|
| Caesars Entertainment, Inc. (NASDAQ:CZR) | 61.27% |
| MGM Resorts International (NYSE:MGM) | 43.40% |
| Carnival Corporation (NYSE:CCL) | 40.66% |
| Las Vegas Sands Corp. (NYSE:LVS) | 38.10% |
| Wynn Resorts, Limited (NASDAQ:WYNN) | 34.45% |
| Boyd Gaming Corporation (NYSE:BYD) | 33.40% |
| Alaska Air Group, Inc. (NYSE:ALK) | 30.58% |
| Expedia Group, Inc. (NYSE:EXPE) | 29.13% |
| United Airlines Holdings, Inc. (NYSE:UAL) | 28.30% |
| Wyndham Hotels & Resorts, Inc. (NYSE:WH) | 27.16% |
| 姓名 | 目標中位數（與當前價格相比的百分比） |
|---|---|
| 凱撒娛樂公司（納斯達克股票代碼：CZR） | 61.27% |
| 米高梅國際度假村（紐約證券交易所代碼：MGM） | 43.40% |
| 嘉年華公司（紐約證券交易所代碼：CCL） | 40.66% |
| 拉斯維加斯金沙集團（紐約證券交易所代碼：LVS） | 38.10% |
| 永利度假村有限公司（納斯達克股票代碼：WYNN） | 34.45% |
| 博伊德遊戲公司（紐約證券交易所代碼：BYD） | 33.40% |
| 阿拉斯加航空集團有限公司（紐約證券交易所代碼：ALK） | 30.58% |
| Expedia 集團有限公司（紐約證券交易所代碼：EXPE） | 29.13% |
| 聯合航空控股有限公司（紐約證券交易所代碼：UAL） | 28.30% |
| 溫德姆酒店及度假村有限公司（紐約證券交易所代碼：WH） | 27.16% |
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Photo: Shutterstock
照片：Shutterstock
譯文內容由第三人軟體翻譯。