In a report released today, Sharon Zackfia from William Blair reiterated a Buy rating on OneSpaWorld Holdings, with a price target of $24.00.
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Sharon Zackfia’s rating is based on expectations that OneSpaWorld will deliver first-quarter results in line with guidance, including consecutive quarters of low double-digit revenue growth despite headwinds from exiting Asian land-based spas. She also anticipates solid expansion in adjusted EBITDA in the mid-teens range, underscoring improving profitability and operational leverage.
Furthermore, Zackfia points to resilient demand supported by rising spend per guest, aided by strong advance bookings and a greater mix of higher-priced offerings such as medi-spa services. Robust staff retention further reinforces service quality and consistency, giving her confidence in the company’s ability to sustain growth and supporting her Buy recommendation.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OSW in relation to earlier this year.