Marriott International, the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Kevin Kopelman from TD Cowen maintained a Buy rating on the stock and has a $300.00 price target.
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Kevin Kopelman has given his Buy rating due to a combination of factors that suggest Marriott International is poised for growth. Despite a recent weak US jobs report, Kopelman notes that Marriott’s revenue per available room (RevPAR) is expected to grow significantly, particularly due to its high-end and international exposure. This growth is anticipated to outpace that of its competitors, such as Hilton, which is a positive indicator for investors.
Kopelman also highlights the relative stability in travel demand, with forward bookings showing improvement from previous lows. While the industry faced softer figures in June and July, Marriott’s RevPAR trends through May were above the midpoint of expectations, suggesting resilience and potential for acceleration in the fourth quarter. These factors, combined with a reiterated guidance for 2025, support the Buy rating as Marriott is expected to benefit from a favorable economic backdrop and improved travel dynamics.
In another report released on July 21, Bernstein also maintained a Buy rating on the stock with a $309.00 price target.