Morgan Stanley raised the firm’s price target on Global Business Travel (GBTG) to $8 from $7 and keeps an Equal Weight rating on the shares. Following the Q3 report, the firm increased its FY25 and FY26 adjusted EBITDA estimates by 3% and 14%, respectively, to reflect the CWT acquisition, the analyst tells investors.
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Read More on GBTG:
- Amex GBT Reports Strong Q3 Growth and Raises Guidance
- Global Business Travel sees FY26 adjusted EBITDA $615M-$645M
- Global Business Travel reports Q3 revenue $674M, consensus $614.72M
- Global Business Travel ups FY26 revenue view to $2.71B-$2.73B from $2.46B-$2.52B
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