This post was originally published on this site
Analyst Ivan Feinseth set a price target of $32 on the stock, telling investors in a note that the company is “well-positioned to benefit from favorable macro industry trends as car-rental revenue is expected to increase by almost 50% over the next five years.”
The analyst added that the company is also “well-positioned to benefit from the post-pandemic recovery in global travel and increasing demand for personal mobility.”
“In addition, HTZ is increasingly positioning itself as a Transportation as a Service (TaaS) rideshare service provider with longer-term rentals for drivers and a fleet and fleet maintenance service provider for rideshare operators,” Feinseth added.
Tigress said it believes significant upside exists, with its price target representing a potential return of around 40% from current levels.
