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Investing.com - Stifel raised its price target on Pursuit Attractions and Hospitality (NYSE:PRSU) to $43.00 from $42.00 on Monday, while maintaining a Buy rating on the stock. According to InvestingPro data, analysts have set targets ranging from $38 to $48 for PRSU, suggesting potential upside of 37% from the current price of $33.24.
The firm’s updated outlook follows meetings with PRSU management at Stifel’s Midwest Growth Conference, where executives expressed a constructive outlook for fiscal year 2026 despite tough comparisons. This optimism aligns with InvestingPro data showing analysts anticipate sales growth in the current year, with revenue forecast to increase by 24%.
Stifel noted that early forward indicators point to solid growth for the company, with fundamentals remaining intact. The firm also addressed PRSU’s recent stock selloff following its earnings report, attributing it to sympathy trading related to commentary from PRKS rather than company-specific issues. Indeed, PRSU has experienced an 8.22% decline over the past week and is down 22.54% year-to-date, despite impressive revenue growth of 259.82% in the last twelve months.
The research firm raised its 2026/2027 Adjusted EBITDA estimates by 3%, now modeling modest organic growth for the hospitality company. Stifel also highlighted PRSU’s plans to provide details on several "likely high ROI projects" including Jasper SkyTram and Apgar campus during its fourth-quarter report. Current EBITDA stands at $105.23 million, according to InvestingPro data, with the company operating with a moderate level of debt.
PRSU remains on Stifel’s Select List, with the firm stating that its original investment thesis for the company "still firmly intact." While not profitable over the last twelve months, InvestingPro data indicates analysts predict the company will be profitable this year, with EPS forecast at $0.40 for FY2025. For deeper insights and more ProTips on PRSU, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Pursuit Attractions and Hospitality reported a strong third-quarter performance, exceeding expectations with a 7% beat on adjusted EBITDA. The company also raised its fiscal year 2025 adjusted EBITDA guidance by 5% at the midpoint, attributing the positive results to increased late-summer visitation and its strategy of improving customer experiences. Stifel responded to these developments by raising its price target for Pursuit to $42, maintaining a Buy rating. Additionally, Pursuit announced an amendment to its 2025 Credit Facility, increasing its revolving credit capacity by $100 million, bringing the total to $300 million, and extending the term to September 2030. The amendment also includes changes such as an increased maximum net leverage ratio and the addition of Tabacón Thermal Resort & Spa as a co-borrower. Furthermore, Pursuit acquired the remaining 20% stake in its Glacier Park subsidiary for $13 million, thereby removing a noncontrolling interest liability of approximately $19 million from its balance sheet. These recent developments highlight Pursuit’s strategic financial and operational maneuvers.
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