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HST
Benzinga
6 hrs

These Analysts Increase Their Forecasts On Host Hotels After Upbeat Q3 Results

1. HST reported Q3 FFO of 35 cents, beating estimates of 33 cents. 2. Sales reached $1.331 billion, exceeding expectations of $1.313 billion. 3. FY2025 FFO guidance raised from $1.98-$2.02 to $2.03. 4. Comparable hotel RevPAR growth is projected at 3.0% for 2024. 5. Analysts upgraded HST's rating and raised price targets following earnings.

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FAQ

Why Bullish?

HST's stronger-than-expected performance and raised guidance suggest positive market sentiment. Previous historical instances where such upgrades occurred correlated with stock price increases.

How important is it?

The earnings beat, guidance raise, and analyst upgrades indicate strong investor confidence in HST's performance.

Why Short Term?

The immediate rise in share prices post-earnings supports a short-term impact. Investment sentiment is likely to remain high in the near future.

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