JPMorgan initiated coverage of Atour Lifestyle (ATAT) with an Overweight rating and $57 price target offering 38% potential upside. Atour is the largest upper mid-scale hotel operator in China and a “newly emerged game-changer” in the China “sleep economy,” the analyst tells investors in a research note. The firm believes the company stands out from its China and global hotel peers due to its “fastest revenue and profit growth” of 20% in the next 3-5 years.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ATAT:
- ATAT Upcoming Earnings Report: What to Expect?
- Atour Lifestyle Holdings Announces Board Changes
- Optimistic Growth and Stability Outlook for Atour Lifestyle Holdings Amid Strategic Expansion and Attractive Valuations
- EA downgraded, AppLovin initiated: Wall Street’s top analyst calls
- Atour Lifestyle initiated with a Buy at Jefferies