- The shares of Sabre Corporation (NASDAQ: SABR) have received a $14 price target from Morgan Stanley. These are the details.
The shares of Sabre Corporation (NASDAQ: SABR) have received a $14 price target from Morgan Stanley. And Morgan Stanley analyst Josh Baer increased the price target on Sabre from $11 while maintaining an “Equal-Weight” rating on the shares.
Sabre’s revenue estimates topped expectations by $9.9 million as they hit $500.63 million — which is up nearly 60% year-over-year. The revenue increase was driven by increases in global air, hotel, and travel bookings. Plus the company also expanded its partnership with American Express Global Business Travel.
The operating loss for the quarter was $126 million, which is a major improvement from an operating loss of $220 million in the fourth quarter of 2020.
The adjusted EBITDA was ($26M), which was much better than ($101M) year-over-year.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.