Mizuho Securities analyst Benjamin Chaiken has maintained their bullish stance on H stock, giving a Buy rating on February 4.
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Benjamin Chaiken’s rating is based on several key factors that suggest a positive outlook for Hyatt Hotels. Firstly, the company is on track to achieve a fee growth of approximately 12% by 2025, which aligns with estimates and is perceived as better than anticipated. This growth reflects a robust performance in revenue generation, particularly in gross fees, which are projected to be in the range of $1,200 to $1,230 million.
Moreover, the adjusted EBITDA for 2025 is expected to be between $1,100 million and $1,150 million. Despite some misses in quarterly EBITDA figures compared to estimates, Hyatt’s comparable system-wide RevPAR increased by 5%, outperforming both the company’s and the Street’s expectations. Although there were slight discrepancies in the net unit growth (NUG) estimates, the overall results were in line with market expectations. These factors collectively contribute to Chaiken’s confidence in recommending a Buy rating for Hyatt Hotels.
Chaiken covers the Consumer Cyclical sector, focusing on stocks such as Carnival, Hyatt Hotels, and Royal Caribbean. According to TipRanks, Chaiken has an average return of 8.7% and a 57.49% success rate on recommended stocks.
In another report released on February 4, Wells Fargo also maintained a Buy rating on the stock with a $170.00 price target.