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Investing.com - Truist Securities raised its price target on Hilton Worldwide (NYSE:HLT) to $246.00 from $223.00 while maintaining a Hold rating on Thursday. The stock, currently trading at $267.57 with a market capitalization of $62.93 billion, is trading near its 52-week high according to InvestingPro data.
The price target increase reflects Truist’s updated financial projections, with 2025 estimated Adjusted EBITDA now at $3,667 million, up from $3,618 million, and earnings per share forecast at $7.96, revised from $7.79.
For 2026, Truist now projects Adjusted EBITDA of $3,946 million, increased from $3,861 million previously, with earnings per share estimates rising to $9.16 from $8.90.
The new price target is based on a blended EBITDA multiple of 17.6x applied to Truist’s 2026 EBITDA estimate, up from the previous multiple of 16.7x.
Despite Hilton stock trading at all-time highs and the company issuing soft third-quarter guidance, shares only declined approximately 2% on Thursday against a broader market gain of about 1%.
In other recent news, Hilton Worldwide reported robust second-quarter results, showcasing a 10% growth in EBITDA and a 15% increase in earnings per share (EPS). The company exceeded expectations with an adjusted EPS of $2.20, surpassing the forecast of $2.03. Additionally, Hilton’s revenue outperformed predictions, reaching $3.14 billion compared to the anticipated $3.10 billion. Following these results, Bernstein reiterated its Market Perform rating with a price target of $261, highlighting the company’s steady performance. Macquarie also maintained its Neutral rating on Hilton, adjusting the price target to $258 from $240, citing valuation concerns. Macquarie noted Hilton’s strong standing among S&P Consumer Discretionary companies based on key financial metrics. These developments reflect ongoing investor interest in Hilton’s financial health and market position.
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