#4 - Marriott International (NASDAQ:MAR)
Despite posting disappointing quarterly earnings in early November, Marriott International Inc. (NASDAQ: MAR) stock is up 11% in the 30 days ending December 4, 2024. At 30x forward earnings, there may be even more upside for investors.
One reason for that may come from Marriott’s continuing investment in the experiential luxury category. An income transfer from aging baby boomers to millennials and Gen-Z consumers puts the spotlight on experiential luxury with a focus on responsible travel and wellness.
And Marriott is making a major investment in this area. The company plans to open 30 luxury properties in 2025 and has over 200 more in development. Trading at $289 per share, analysts view MAR stock as fairly valued—meaning investors may want to wait for a pullback before getting involved. But if the company reports strong earnings in February, investors may find themselves having to chase MAR stock higher.
About Marriott International
Marriott International, Inc engages in operating, franchising, and licensing hotel, residential, timeshare, and other lodging properties worldwide. It operates its properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, City Express by Marriott, and St.
Read More - Current Price
- $273.53
- Consensus Rating
- Hold
- Ratings Breakdown
- 6 Buy Ratings, 14 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $269.65 (1.4% Downside)
