China’s Xi speaks with Trump by phone, discusses Taiwan and bilateral ties
Investing.com - Wells Fargo initiated coverage on Marriott International (NASDAQ:MAR) with an Overweight rating and a price target of $329.00 on Tuesday. The target represents a 16% upside from the current price of $283.86. According to InvestingPro data, this aligns with the broader analyst sentiment, as the consensus recommendation is moderately bullish with targets ranging from $215 to $332.
The financial services firm based its valuation on 33.0x its 2027 estimated free cash flow of $10.76 per share, which equates to 17.4x its 2027 estimated EBITDA.
Wells Fargo noted that after two years of heavier capital investment, free cash flow should increase in 2027/2028, potentially offering upside for Marriott shares.
The firm emphasized that free cash flow per share is the best measure of C-Corp performance, adding that multiples are directly correlated with fee-producing NUG (Net Unit Growth) growth.
Despite the Overweight rating mentioned in the analyst comments, the initial report headline incorrectly listed the rating as Underweight, creating a discrepancy in the coverage announcement.
In other recent news, Marriott International reported its third-quarter earnings for 2025, surpassing analyst expectations. The company achieved an adjusted earnings per share of $2.47, exceeding the forecasted $2.37. Revenue also outperformed projections, totaling $6.49 billion compared to the expected $6.47 billion. Additionally, Marriott announced an expansion of its branded residential portfolio across Europe, the Middle East, and Africa, now spanning 18 countries with 33 open locations and over 50 in the pipeline. This marks a 23% growth in Europe and a 59% increase in the Middle East and Africa since the end of 2023. Furthermore, Marriott declared a quarterly cash dividend of 67 cents per share, payable on December 31, 2025, to shareholders of record as of November 20, 2025. In another development, Goldman Sachs raised its price target for Marriott to $288, citing the potential for a new credit deal in 2026. This credit renegotiation could be significant, as it would be the first since 2017.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.