Morgan Stanley has revised its price target for Marriott International (MAR, Financial), reducing it from $275 to $267. The investment firm continues to maintain an Overweight rating on the company's shares despite the adjustment.
The revision comes as Morgan Stanley reassesses its outlook on the lodging and timeshare sectors, influenced by indications of softening demand. Analysts at the firm have also adjusted valuation multiples to better align with current market conditions, prompting the updated price target for Marriott.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 23 analysts, the average target price for Marriott International Inc (MAR, Financial) is $277.69 with a high estimate of $330.00 and a low estimate of $205.00. The average target implies an upside of 28.75% from the current price of $215.69. More detailed estimate data can be found on the Marriott International Inc (MAR) Forecast page.
Based on the consensus recommendation from 28 brokerage firms, Marriott International Inc's (MAR, 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 Marriott International Inc (MAR, Financial) in one year is $278.81, suggesting a upside of 29.26% from the current price of $215.69. 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 Marriott International Inc (MAR) Summary page.
