PK Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Park Hotels & Resorts Inc. (PK) is currently trading at $11.44, with an RSI of 29.3, indicating oversold conditions. The stock has shown signs of potential reversal, with a recent price increase of 2.28% during regular market hours. The MACD is slightly bearish, but the price is approaching key Fibonacci resistance levels.
Fibonacci Levels:
The Fibonacci levels suggest a potential price target of $12.21 (R1) and $12.58 (R2), with immediate support at $11.02 (S1). The stock is currently trading above the pivot level of $11.61, indicating bullish momentum.
News and Sentiment:
The hospitality sector is experiencing growth, with Park Hotels & Resorts highlighted as a top hospitality stock favored by hedge funds. The company has shown strong performance metrics, including improved RevPAR and EBITDA margins, driven by successful asset sales and redevelopments. However, inflation and labor issues remain concerns.
Conclusion:
Based on the oversold RSI, positive industry trends, and approaching Fibonacci resistance levels, the stock is likely to see a short-term bounce. The price target for the next trading week is $12.21.
Recommendation: Buy.
PK Similar Chart Price Prediction
The price of PK is predicted to go up 16.93%, based on the high correlation periods with KMT. The similarity of these two price pattern on the periods is 97.25%.
PK
KMT
Up: 16.93%Similarity: 97.25%
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
Patrick Scholes
Truist Securities
Strong Buy
2025-03-21
Price Target
$18 → $16
Upside
+43.24%
Truist analyst C. Patrick Scholes lowered the firm's price target on Park Hotels & Resorts to $16 from $18 and keeps a Buy rating on the shares as part of a broader research note on Short-Term Rentals, Lodging, and Lodging REITs. The firm is updating its models to reflect the sector's Q4 earnings, the analyst tells investors in a research note.
David Katz
Jefferies
Strong Buy
2025-01-02
Price Target
$23 → $22
Upside
+59.65%
Dori Kesten
Wells Fargo
Hold
2024-12-09
Price Target
$16 → $17
Upside
+7.53%
