PK Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Park Hotels & Resorts (PK) is currently trading at $12.39 with a Relative Strength Index (RSI) of 26.4, indicating oversold conditions. The stock has recently tested the lower Bollinger Band, suggesting potential buying opportunities. The MACD is slightly bearish but nearing a potential crossover.
Fibonacci Levels:
- Resistance Levels: $12.62, $12.91, $13.39
- Support Levels: $11.67, $11.37, $10.90
The stock is currently trading near the first resistance level of $12.62, with potential upside to $13.39.
News Sentiment and Analyst Ratings:
Recent news highlights PK as a high-dividend-yield stock with attractive valuations. Analysts have provided mixed ratings, with price targets ranging from $15 to $18, indicating moderate upside potential.
Prediction and Recommendation:
Based on the oversold RSI and proximity to the lower Bollinger Band, PK is likely to experience a short-term rebound. The stock is expected to test the resistance level of $13.39, with a potential price target of $13.50 for the next trading week.
Recommendation: Buy PK with a target price of $13.50 and a stop-loss at $11.67.
PK Similar Chart Price Prediction
The price of PK is predicted to go up -0.69%, based on the high correlation periods with MARA. The similarity of these two price pattern on the periods is 97.29%.
PK
MARA
Down: -0.69%Similarity: 97.29%
PK Revenue Forecast
PK EPS Forecast
PK FAQs
What is PK revenue forecast for next quarter？
PK VS S&P500
Potentially accelerating economic growth may prolong a robust hotel cycle and benefit Park's portfolio and performance.
Low leverage gives Park greater financial flexibility to be opportunistic with new investments or return more capital to shareholders through dividend growth or share buybacks.
Park's management identified several enhancement initiatives that it can execute to drive EBITDA higher on the newly acquired Chesapeake portfolio.
PK Analyst's Forecast
David Katz
Jefferies
Strong Buy
2025-01-02
Price Target
$23 → $22
Upside
+59.65%
Jefferies analyst David Katz lowered the firm's price target on Park Hotels & Resorts to $22 from $23 and keeps a Buy rating on the shares. The firm's view on Lodging stocks going into 2025 is "incrementally positive," says the analyst, who cites a more stable macro environment, balanced fundamentals, and sustainable growth. The continuing execution of unit and pipeline growth for C-corps and return-on-investment projects for REITs should support higher valuations in the context of an improving interest rate outlook, the analyst tells investors in a group outlook note.
Dori Kesten
Wells Fargo
Hold
2024-12-09
Price Target
$16 → $17
Upside
+7.53%
Dori Kesten
Wells Fargo
Hold
2024-11-26
Price Target
$15 → $16
Upside
+4.17%
