Evercore ISI analyst Duane Pfennigwerth has maintained their bullish stance on MAR stock, giving a Buy rating on April 28.
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Duane Pfennigwerth has given his Buy rating due to a combination of factors including Marriott International’s strong financial performance and strategic growth initiatives. The company’s adjusted EBITDA increased by 7% year-over-year to $1.2 billion, and adjusted EPS grew by 9% year-over-year, reflecting solid operational efficiency and revenue management. Despite a slight reduction in the full-year RevPAR outlook due to softer demand in the US, particularly in select-service hotels, Marriott’s international RevPAR remains robust, supporting overall fee and EBITDA growth.
Additionally, Marriott’s acquisition activities, such as the recent Citizen M acquisition, are expected to contribute to incremental fee growth and net room expansion. The company’s updated guidance suggests steady demand patterns, with group demand leading the way and international RevPAR expected to outpace the US. Furthermore, Marriott’s commitment to capital returns, as evidenced by its share repurchase program, and its stable balance sheet position, reinforce the positive outlook for the company’s stock.
In another report released on April 28, Bernstein also maintained a Buy rating on the stock with a $328.00 price target.