Hilton Worldwide Holdings Inc. (NYSE:
HLT) is
one of the best stocks to buy, according to billionaire Bill Ackman. On January 14, Hilton Worldwide Holdings Inc. (NYSE:HLT) board of directors approved a $3.5 billion increase in the company’s existing stock repurchase program. The total amount authorized for buyback has since risen to $4.6 billion.
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The share buyback boost comes on the heels of Goldman Sachs upgrading the stock to a Buy from a Neutral and setting a $317 price target. The investment bank expects the company to return $11 billion in stock repurchases over the next four years, representing 20% of total market capitalization.
According to the investment bank, the company is well-positioned to benefit from ongoing outperformance in the higher-end consumer segment and international markets. The company boasts strong sector positioning, backed by a large pipeline of existing room count. Goldman Sachs has also touted Hilton’s competitive edge in revenue per available room, even as it focuses on property conversions.
Hilton Worldwide Holdings Inc. (NYSE:HLT) is a global hospitality giant that owns, manages, and franchises a massive portfolio of hotels, resorts, and timeshare properties under numerous brands, offering lodging and related services (food and dining) across luxury, lifestyle, full-service, and economy options.
While we acknowledge the potential of HLT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the
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Disclosure: None. This article is originally published at
Insider Monkey.
