JP Morgan recently initiated coverage on Marriott International (MAR, Financial) with a "Neutral" rating. In their latest report, the analyst Daniel Politzer announced a price target of USD 284.00. This marks the first coverage by JP Morgan on Marriott International, setting an initial target for the stock price.
Marriott International (MAR, Financial), known for its global network of hotels and lodging facilities, has been closely watched by investors. The announcement by JP Morgan provides important insight as the market evaluates MAR's potential for growth in the coming months.
Currently, Marriott International (MAR, Financial) is listed on the NASDAQ, and the new price target set by JP Morgan could influence investor sentiment. However, with a "Neutral" rating, JP Morgan indicates a balanced outlook on MAR, suggesting that the stock may trade in line with the broader market or its industry peers.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for Marriott International Inc (MAR, Financial) is $275.92 with a high estimate of $320.00 and a low estimate of $205.00. The average target implies an upside of 6.05% from the current price of $260.19. More detailed estimate data can be found on the Marriott International Inc (MAR) Forecast page.
Based on the consensus recommendation from 27 brokerage firms, Marriott International Inc's (MAR, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" 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 $280.81, suggesting a upside of 7.92% from the current price of $260.19. 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.
