Sabre Corporation's (SABR, Financial) hospitality division has announced a renewed partnership with Kerzner International, a global leader in luxury travel experiences. As part of this agreement, Kerzner will optimize its distribution strategies by utilizing Sabre's SynXis platform. This innovative technology will allow Kerzner to offer additional services alongside room bookings through the SynXis Booking Engine.
The renewal also includes the continuation of using Sabre Hospitality's Global Distribution System (GDS) network to distribute Kerzner's hotel content worldwide. This move aims to enhance Kerzner's global presence and streamline its reservation processes. Currently, Kerzner operates 23 properties across numerous countries, including Dubai, Maldives, Mexico, and the USA.
Sabre's SynXis Central Reservation System plays a crucial role in helping hoteliers maintain consistent distribution across various channels. This development underlines Sabre's commitment to empowering hospitality partners with cutting-edge retailing and distribution capabilities.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Sabre Corp (SABR, Financial) is $4.63 with a high estimate of $7.25 and a low estimate of $3.50. The average target implies an upside of 127.83% from the current price of $2.03. More detailed estimate data can be found on the Sabre Corp (SABR) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, Sabre Corp's (SABR, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Sabre Corp (SABR, Financial) in one year is $4.27, suggesting a upside of 110.34% from the current price of $2.03. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Sabre Corp (SABR) Summary page.
