What 8 Analyst Ratings Have To Say About Park Hotels & Resorts
Portfolio Pulse from Benzinga Insights
Over the last quarter, Park Hotels & Resorts (NYSE:PK) received 8 analyst ratings, with an average price target of $14.62, which is below its current price of $16.15, suggesting a downside. The ratings included 2 somewhat bullish and 6 indifferent, with no bullish or bearish ratings. The average price target has risen by 10.76% over the past month.
December 14, 2023 | 1:00 pm
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NEGATIVE IMPACT
Park Hotels & Resorts has an average analyst price target of $14.62, which is below the current price, indicating a potential downside according to analysts.
The average price target being below the current stock price typically indicates that analysts expect the stock to perform poorly in the near term. The lack of bullish ratings and the presence of 6 indifferent ratings further support a negative short-term outlook. However, the recent increase in the target price suggests some positive sentiment changes, which could mitigate the negative impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100