Airbnb, Norwegian Cruise See Analyst Upgrades: Are Travel And Leisure Stocks The New Value Heaven?
Airbnb, Norwegian Cruise See Analyst Upgrades: Are Travel And Leisure Stocks The New Value Heaven?
Shares in the travel and leisure industry are increasingly catching the eye of value investors, presenting discounted valuations alongside promising growth prospects for the upcoming tourist season.
旅游和休闲行业的股票越来越吸引价值投资者的注意，其估值折扣以及即将到来的旅游季节的增长前景看好。
Since the start of the current bull-market rally, major industry exchange-traded funds (ETFs) tracking travel and leisure companies have underperformed relative to the broader stock market.
自当前牛市开始上涨以来，追踪旅游和休闲公司的主要行业交易所交易基金（ETF）相对于整个股市表现不佳。
The Defiance Hotel, Airline, and Cruise ETF (NYSE:CRUZ), the Alps Global Travel Beneficiaries ETF (NYSE:JRNY), and the AdvisorShares Hotel ETF (NYSE:BEDZ) have gained 28%, 24.5%, and 22.8%, respectively, compared to a 29% surge in the SPDR S&P 500 ETF Trust (NYSE:SPY) since late October 2023.
Defiance酒店、航空公司和邮轮ETF（纽约证券交易所代码：CRUZ）、阿尔卑斯环球旅行受益人ETF（纽约证券交易所代码：JRNY）和AdvisorShares酒店ETF（纽约证券交易所代码：BEDZ）分别上涨了28％、24.5％和22.8％，而SPDR标准普尔500指数ETF（纽约证券交易所代码：SPY）自2023年10月下旬以来上涨了29％。
Yet, the outlook for travel-related stocks is improving, drawing interest from traders looking to invest in underperforming sectors amid the broader bull market.
然而，旅游相关股票的前景正在改善，这吸引了希望在更广泛的牛市中投资表现不佳的行业的交易者的兴趣。
Chart: Travel Stocks Lagged Behind The Broader S&P 500 In The Current Bull-Market Rally
图表：在当前的牛市涨势中，旅游股落后于标准普尔500指数
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What Happened: On Tuesday, Airbnb Inc. (NASDAQ:ABNB) and Norwegian Cruise Holdings Ltd. (NYSE:NCLH) received analyst upgrades.
发生了什么：周二，爱彼迎公司（纳斯达克股票代码：ABNB）和挪威邮轮控股有限公司（纽约证券交易所代码：NCLH）获得了分析师升级。
Wedbush upgraded Airbnb Inc. from Neutral to Outperform, raising the price target from $160 to $165.
Wedbush将爱彼迎公司从中性上调至跑赢大盘，将目标股价从160美元上调至165美元。
Analyst Scott Devitt suggested investors should capitalize on this period of relative weakness, seeing potential upside to near-term estimates following conservative second-quarter guidance.
分析师斯科特·德维特建议，投资者应利用这段相对疲软的时期，在第二季度保守的指导下，短期估计可能出现上行空间。
He emphasized Airbnb's strong growth prospects and significant potential as the company expanded beyond its core offerings. Wedbush highlighted Airbnb's leading competitive position in the alternative accommodation market and opportunities for growth in adjacent products and services.
他强调了爱彼迎强劲的增长前景和随着公司扩展到核心产品以外的巨大潜力。Wedbush强调了爱彼迎在替代住宿市场的领先竞争地位以及相邻产品和服务的增长机会。
"We believe the company's expansion will start with the relaunch of Airbnb experiences, with an announcement likely within the next 6-12 months," Wedbush noted. The analyst increased estimates for the second quarter and second half revenue and adjusted EBITDA by 1% and 3%, respectively.
韦德布什指出：“我们认为，该公司的扩张将从重新推出爱彼迎体验开始，并可能在未来6-12个月内宣布这一消息。”该分析师将第二季度和下半年收入的预期以及调整后的息税折旧摊销前利润分别提高了1％和3％。
Shares of Airbnb Inc. rose 1.69% to $146.91 on Tuesday at publication.
周二公布时，爱彼迎公司股价上涨1.69％，至146.91美元。
Mizuho Securities upgraded Norwegian Cruise Holdings from Neutral to Buy, raising the price target from $21 to $24.
瑞穗证券将挪威邮轮控股公司从中性上调至买入，将目标股价从21美元上调至24美元。
Executive Director Ben Chaiken noted a shift in sentiment towards the cruise line, driven by compelling valuations, improving business efficiency and a favorable industry backdrop.
执行董事本·柴肯指出，在令人信服的估值、业务效率的提高和有利的行业背景的推动下，人们对该邮轮公司的情绪发生了转变。
"Valuation has completely reset," Chaiken remarked, highlighting that Norwegian Cruise has underperformed peer Royal Caribbean Cruise Ltd. (NYSE:RCL) by 160% since January 2023.
柴肯表示：“估值已完全重置，” 他强调说，自2023年1月以来，挪威邮轮的表现比同行皇家加勒比邮轮有限公司（纽约证券交易所代码：RCL）低160％。
Mizuho Securities raised revenue forecasts from $9.35 billion to $9.41 billion for 2024, and from $9.97 billion to $10.13 billion for 2025, also boosting EBITDA forecasts.
瑞穗证券将2024年的收入预期从93.5亿美元上调至94.1亿美元，将2025年的收入预期从99.7亿美元上调至101.3亿美元，这也提高了息税折旧摊销前利润的预测。
"Together, we find the risk/reward particularly compelling at current levels, with upside/downside of approximately 6:1," Chaiken stated.
柴肯说：“我们共同发现，在当前水平上，风险/回报尤其引人注目，上行/下行空间约为 6:1。”
Shares of Norwegian Cruise Holdings rose 3.91% to $16.63 on Tuesday at publication.
周二公布时，挪威邮轮控股公司的股价上涨3.91％，至16.63美元。
Top 10 Travel & Leisure Stocks With The Highest Upside Potential
上涨潜力最大的十大旅游休闲股票
Currently, the Street's median price target on Airbnb and Norwegian Cruise Holdings is about 2.2% and 19.7% higher than current prices.
目前，华尔街对爱彼迎和挪威邮轮控股公司的目标股价中位数比当前价格高出约2.2％和19.7％。
Examining Travel & Leisure stocks included in the iShares Russell 1000 ETF (NYSE:IWB), the stocks with the highest upside potential based on the difference between the median Street price target and current prices are:
研究iShares Russell 1000 ETF（纽约证券交易所代码：IWB）中包含的旅游休闲类股票，根据华尔街目标股价中位数与当前价格之间的差异，上行潜力最大的股票是：
| Name | Median target (% vs. current price) |
|---|---|
| Caesars Entertainment, Inc. (NASDAQ:CZR) | 61.27% |
| MGM Resorts International (NYSE:MGM) | 43.40% |
| Carnival Corporation (NYSE:CCL) | 40.66% |
| Las Vegas Sands Corp. (NYSE:LVS) | 38.10% |
| Wynn Resorts, Limited (NASDAQ:WYNN) | 34.45% |
| Boyd Gaming Corporation (NYSE:BYD) | 33.40% |
| Alaska Air Group, Inc. (NYSE:ALK) | 30.58% |
| Expedia Group, Inc. (NYSE:EXPE) | 29.13% |
| United Airlines Holdings, Inc. (NYSE:UAL) | 28.30% |
| Wyndham Hotels & Resorts, Inc. (NYSE:WH) | 27.16% |
| 姓名 | 目标中位数（与当前价格相比的百分比） |
|---|---|
| 凯撒娱乐公司（纳斯达克股票代码：CZR） | 61.27% |
| 米高梅国际度假村（纽约证券交易所代码：MGM） | 43.40% |
| 嘉年华公司（纽约证券交易所代码：CCL） | 40.66% |
| 拉斯维加斯金沙集团（纽约证券交易所代码：LVS） | 38.10% |
| 永利度假村有限公司（纳斯达克股票代码：WYNN） | 34.45% |
| 博伊德游戏公司（纽约证券交易所代码：BYD） | 33.40% |
| 阿拉斯加航空集团有限公司（纽约证券交易所代码：ALK） | 30.58% |
| Expedia 集团有限公司（纽约证券交易所代码：EXPE） | 29.13% |
| 联合航空控股有限公司（纽约证券交易所代码：UAL） | 28.30% |
| 温德姆酒店及度假村有限公司（纽约证券交易所代码：WH） | 27.16% |
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Photo: Shutterstock
照片：Shutterstock