** 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% |
$52 | $50 | 5.4% | |
Guggenheim | $74 | $72 | 50% |
Stifel | $65 | $60 | 31.7% |
(Reporting by Apratim Sarkar)
((Apratim.Sarkar@thomsonreuters.com))
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