United Parks & Resorts rises after brokerages raise PT

United Parks & Resorts

13/05/2025 15:38

** Shares of entertainment company United Parks & Resorts PRKS.N rise 1% to $50 after brokerage firms hike price target

** Co on Monday posted a narrower Q1 loss from a year ago

** Guggenheim says co likely to benefit from a number of new rides this year; 2025 booking trends for Discovery Cove, group bookings and international ticket sales are all tracking ahead of 2024 levels

** Truist adds Q2 park capacity running higher than year ago period leading to co not witnessing any change in bookings

** Based on advance ticket sales, season sales, and international bookings, it really doesn't seem like demand is going to slow anytime soon - Stifel

** Five of 13 brokerages rate the stock "buy" or higher, 7 "hold" and 1 "sell"; their median PT is $52- LSEG data

** Including session moves shares are down 11.8% YTD

Brokerage
New PT
Old PT
Upside from the last close
Truist Securities
$58
$52
17.5%
Morgan Stanley
$52
$50
5.4%
Guggenheim
$74
$72
50%
Stifel
$65
$60
31.7%

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))