Bernstein raised the Firm’s PT on Sabre Corporation (SABR), Kept a Market Perform Rating

Sabre Corporation (NASDAQ:SABR) is one of the Best American Penny Stocks to Buy According to AnalystsOn July 14, analyst Alex Irving from Bernstein raised the firm’s price target on Sabre Corporation (NASDAQ:SABR) from $3.50 to $4, while keeping a Market Perform rating on the stock.

The analyst noted that the early fears that airline profit warnings and tariffs would trigger an industry downturn did not occur. Airline traffic continues to grow and airlines are increasing capacity. However, intra-North American capacity is not showing significant year-over-year growth into summer. The firm believes that this is a sign of resilience in airline demand, supporting Sabre Corporation’s (NASDAQ:SABR) business.

Bernstein raised the Firm’s PT on Sabre Corporation (SABR), Kept a Market Perform Rating

An international traveler consulting the company’s app on their smartphone, illustrating their successful online marketplace.

The firm remains cautious due to challenges such as an underinvested IT suite and high debt levels, but optimistic about ongoing airline technology adoption.

Sabre Corporation (NASDAQ:SABR) is a global travel technology company that connects travel suppliers such as airlines, hotels, and rental car companies with travel sellers including agencies and corporations.

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Disclosure: None. This article is originally published at Insider Monkey.