Park Hotels & Resorts Inc has a consensus price target of $17.47 based on the ratings of 17 analysts. The high is $24 issued by Deutsche Bank on March 12, 2024. The low is $13 issued by Morgan Stanley on November 7, 2023. The 3 most-recent analyst ratings were released by Wells Fargo, Truist Securities, and UBS on September 13, 2024, September 4, 2024, and August 16, 2024, respectively. With an average price target of $15.5 between Wells Fargo, Truist Securities, and UBS, there's an implied -0.70% downside for Park Hotels & Resorts Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Park Hotels & Resorts (NYSE:PK) was reported by Wells Fargo on September 13, 2024. The analyst firm set a price target for $14.50 expecting PK to fall to within 12 months (a possible -7.11% downside). 24 analyst firms have reported ratings in the last year.
The latest analyst rating for Park Hotels & Resorts (NYSE:PK) was provided by Wells Fargo, and Park Hotels & Resorts maintained their equal-weight rating.
The last upgrade for Park Hotels & Resorts Inc happened on May 15, 2024 when Evercore ISI Group raised their price target to $20. Evercore ISI Group previously had an in-line for Park Hotels & Resorts Inc.
The last downgrade for Park Hotels & Resorts Inc happened on June 9, 2023 when Evercore ISI Group changed their price target from N/A to $18.5 for Park Hotels & Resorts Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Park Hotels & Resorts, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Park Hotels & Resorts was filed on September 13, 2024 so you should expect the next rating to be made available sometime around September 13, 2025.
While ratings are subjective and will change, the latest Park Hotels & Resorts (PK) rating was a maintained with a price target of $17.00 to $14.50. The current price Park Hotels & Resorts (PK) is trading at is $15.61, which is out of the analyst’s predicted range.
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