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Investing.com - Oppenheimer has raised its price target on Pursuit Attractions and Hospitality (NYSE:PRSU) to $45.00 from $41.00 while maintaining an Outperform rating on the stock. The company’s shares have shown strong momentum, surging over 23% in the past week, according to InvestingPro data.
The price target increase follows PRSU’s better-than-expected second-quarter 2025 results and fiscal year 2025 guidance, according to Oppenheimer. InvestingPro data shows analysts expect the company to turn profitable this year with a forecasted EPS of $0.40, despite current trading at elevated EBIT multiples.
Oppenheimer views Pursuit Attractions and Hospitality as an investment opportunity in bucket-list travel experiences, noting that sustained growth and outperformance compared to peers should support further multiple expansion.
The firm highlighted the company’s recent Tabacon Resort acquisition as an additional growth lever for Pursuit Attractions and Hospitality.
Pursuit Attractions and Hospitality operates in the hospitality sector, focusing on destination travel experiences and attractions.
In other recent news, Pursuit Attractions and Hospitality has acquired the Tabacón Thermal Resort & Spa in Costa Rica’s Arenal region, marking its expansion into a fourth country and enhancing its year-round destination offerings. Stifel has reiterated its Buy rating for Pursuit Attractions and Hospitality, maintaining a price target of $38.00, following meetings with the company’s management. Analysts at Stifel have highlighted the company’s strong performance in same-store yield growth, which supports a potential pure-play re-rate, and noted Pursuit’s robust pricing power as it approaches the fiscal year 2025 peak season. The investment firm also initiated coverage of Pursuit Attractions with a Buy rating, emphasizing the company’s advantageous position due to secular demand tailwinds and regulatory constraints that limit supply growth. Additionally, Pursuit has appointed Mike Bosco as the new Senior Vice President and Chief Accounting Officer, effective July 1, 2025, succeeding Leslie Striedel. Bosco joins from Vail Resorts (NYSE:MTN), Inc., bringing extensive experience in operational and technical accounting. These developments point to strategic expansions and leadership changes at Pursuit Attractions and Hospitality.
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