Marriott International Stock At New All-Time-High Due To Pent-Up Demand For Tourism
Portfolio Pulse from Surbhi Jain
Marriott International Inc (NASDAQ:MAR) stock reached a new all-time high, closing above $228 on Jan. 8, driven by pent-up demand for tourism and operational excellence. Despite outperforming Hilton Worldwide Holdings Inc (NYSE:HLT) and the S&P 500 with over 50% growth in the past year, analysts are cautious. Jefferies analyst David Katz maintains a Hold rating with a $227 target, while the consensus target is $213.84, suggesting potential downside.
January 09, 2024 | 1:29 pm
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NEGATIVE IMPACT
Marriott's stock hit an all-time high due to strong demand for travel and operational efficiency. However, analysts suggest limited upside, with a consensus target below the current price.
The stock's recent peak is likely influenced by short-term factors such as pent-up demand. Analysts' consensus indicates a potential overvaluation, which could lead to a price correction in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Hilton Worldwide Holdings has been outperformed by Marriott but is still relevant in the comparison of industry performance and valuation metrics.
While HLT is not the focus of the article, its mention alongside Marriott suggests it's part of the broader industry trend. The lack of specific analyst ratings or price targets for HLT in the article limits the impact assessment.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50