Benchmark analyst Fawne Jiang lowered the firm’s price target on H World (HTHT) to $48 from $53 and keeps a Buy rating on the shares after the company reported Q3 revenue and adjusted EBITDA that fell below expectation, primarily driven by larger than expected RevPAR declines. For FY25, the firm now forecasts year-over-year revenue growth of 5%, down from a 7% prior view, and adjusted EBITDA growth of 14%, down from 15% forecast previously, driving its lowered price target
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on HTHT:
- H World Group Reports Steady Growth in Q3 2024
- H World reports Q3 EPS 6c vs. 41c last year
- H World sees Q4 revenue growth 1%-6% year-over-year from RMB5.28B
- HTHT Earnings this Week: How Will it Perform?
- Citi opens ‘positive catalyst watch’ on H World
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
