J.P. Morgan analyst Joseph Greff has maintained their bullish stance on TNL stock, giving a Buy rating on February 23.
Joseph Greff has given his Buy rating due to a combination of factors that highlight the positive financial outlook for Travel + Leisure Co. The company reported strong fourth-quarter results for 2024, with revenues and adjusted EBITDA surpassing both J.P. Morgan’s and the Street’s expectations. This performance was driven by a robust Travel & Membership segment, which offset lower-than-expected results in the Vacation Ownership division.
Looking ahead, Greff has raised the full-year 2025 EBITDA forecast to align with the company’s guidance, showing confidence in the company’s growth trajectory. The stock is seen as attractive for GARP investors, given its mid-teens free cash flow yield and undemanding valuation multiples. The price target has been increased to $65, reflecting a reasonable valuation based on future earnings projections, suggesting that the stock is undervalued at current levels.
In another report released on February 23, Stifel Nicolaus also maintained a Buy rating on the stock with a $67.00 price target.
Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TNL in relation to earlier this year.