Max Rakhlenko, an analyst from TD Cowen, maintained the Buy rating on OneSpaWorld Holdings. The associated price target is $27.00.
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Max Rakhlenko has given his Buy rating due to a combination of factors that highlight OneSpaWorld Holdings’ robust performance and strategic initiatives. The company has demonstrated consistent growth in both revenue and profitability, with management effectively leveraging its dominant market position. Despite economic uncertainties, OneSpaWorld has shown resilience, with no significant changes in consumer spending behavior and an increase in average guest spend and revenue days.
Additionally, the company’s capital management strategies, including stock repurchases and dividend increases, reflect a strong commitment to shareholder returns. The implementation of AI-driven initiatives is expected to further enhance operational efficiency and profitability, positioning the company well for future growth. These factors, combined with a favorable business model and strategic investments, underpin Rakhlenko’s positive outlook and increased price target for OneSpaWorld Holdings.
In another report released yesterday, Truist Financial also maintained a Buy rating on the stock with a $24.00 price target.
Based on the recent corporate insider activity of 38 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 OSW in relation to earlier this year.