Sabre Corporation (SABR) received a boost from Bernstein as the firm raised its price target while maintaining a market perform rating. The new price target of $15 represents a potential upside of over 20% from the current trading price.
Bernstein’s decision comes after Sabre’s recent earnings report, which showed a decrease in revenue due to the impact of the pandemic on the travel industry. However, the company also announced cost-cutting measures and a strong liquidity position, which gave Bernstein confidence in its long-term prospects.
While the market perform rating may not be as bullish as some investors would like, it’s important to note that Bernstein’s previous price target of $10 has already been surpassed. This shows that the firm sees potential for growth in Sabre, making it a stock worth keeping an eye on for retail investors.
In the current economic climate, it’s crucial for investors to carefully consider their options and do their due diligence before making any investment decisions. Sabre’s recent developments and Bernstein’s updated price target provide valuable insights for those looking to add the company to their portfolio. With the potential for a 20% increase in stock value, Sabre may be a promising opportunity for those looking to diversify their investments.