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Investing.com - Goldman Sachs has raised its price target on Travel + Leisure (NYSE:TNL) to $71.00 from $61.00 while maintaining a Neutral rating on the stock. The company, which currently trades at $69.91, has demonstrated strong financial health according to InvestingPro data, with a "GREAT" overall health score and a comfortable current ratio of 3.72.
The investment bank cited the company’s "solid quarter with a beat and raise," particularly highlighting strength in the Vacation Ownership segment, which offset weakness in the Travel and Membership division. This performance has contributed to the stock’s impressive 42.44% return over the past six months, with InvestingPro noting that TNL is currently trading near its 52-week high.
Goldman Sachs noted that Travel + Leisure demonstrates a "compelling long-term algo" with mid-single-digit or higher contract sales growth and strong cost management driving "high teens+ EPS growth" at a valuation "not achievable anywhere else" in their coverage universe.
Despite the positive outlook, the firm pointed to uncertainty regarding provisions, noting that loan loss provisions increased slightly more than street expectations in the third quarter, despite the company’s positive commentary about improving this metric in the fourth quarter and beyond.
Goldman Sachs maintains its Neutral stance on Travel + Leisure pending "further proof points" around executing new owner VPG (Volume Per Guest) growth and clarity on the timing of year-over-year improvements in provisions.
In other recent news, Travel + Leisure Co reported its third-quarter earnings for 2025, surpassing market expectations. The company posted an earnings per share of $1.80, exceeding the forecasted $1.74. Additionally, Travel + Leisure Co outperformed revenue projections, reporting $1.044 billion compared to the expected $1.03 billion. These results mark a positive development for the company, reflecting strong financial performance. Analysts have taken note of these figures, although specific upgrades or downgrades were not mentioned in the context provided. The company’s ability to exceed both earnings and revenue expectations is a significant highlight for investors. These recent developments underline the company’s ongoing financial health and operational success.
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