Atour Lifestyle Holdings ( (ATAT) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Atour Lifestyle Holdings’ stock is experiencing an upward movement due to its impressive financial performance. The company’s latest earnings report revealed significant year-over-year growth in revenue and net profit, with quarterly revenue hitting $1.9 billion and net profit reaching $384.39 million. This strong performance has led Bank of America Securities and UBS to maintain their Buy ratings while raising their price targets to $36.80 and $37.30, respectively. Analysts are also optimistic about Atour’s future, expecting a 52% revenue growth in FY24, which aligns with the company’s high-end guidance. These factors contribute to the strong buy consensus and adjustments in target prices.
More about Atour Lifestyle Holdings
YTD Price Performance: 9.62%
Average Trading Volume: 1,101,296
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.17B
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