Hilton Worldwide (NYSE:HLT) has been given a new price target of $268.00 at Barclays and has been deemed undervalued by some analysts. Bill Ackman apparently views Hilton as a top stock, and the company has expanded its stock buyback program with a $3.5 billion authorization. JPMorgan Chase & Co. has raised their price target for Hilton to $226.00, indicating a bullish outlook for the firm and several asset management firms such as Nomura and Pacer Advisors Inc. have been positively accumulating Hilton shares. In addition, Hilton Worldwide shares have soared to an all-time high of $250.69, reflecting its robust growth. However, there were also concerns of the leisure travel market slowdown, potentially impacting hotel bookings. Despite these concerns, Hilton's Q3 earnings and revenues were reported to have topped estimates, but the subsequent soft outlook overshadowed positive second-quarter results, stalling stocks momentarily. However, recent insider buying and stake growth by Quest Partners LLC signal continued faith in the corporation. In the longer run, Hilton is valued for its brand strength and strategies to navigate global trends and economic shifts.
Hilton Stocks HLT News Analytics from Thu, 09 Nov 2023 08:00:00 GMT to Sat, 14 Dec 2024 16:44:47 GMT -
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