UBS initiated coverage on Global Business Travel Group with a new price target
$GBTG
Transportation Services
Consumer Discretionary
UBS initiated coverage of Global Business Travel Group with a rating of Buy and set a new price target of $11.00
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/22/2024 | $11.00 | Buy | UBS |
| 12/15/2023 | $8.00 | Neutral → Buy | Citigroup |
| 12/22/2022 | $8.00 | Outperform | Evercore ISI |
| 12/7/2022 | $6.50 | Neutral | Citigroup |
| 10/3/2022 | $7.10 | Buy | Deutsche Bank |
| 9/30/2022 | $9.00 | Outperform | Credit Suisse |
| 9/14/2022 | $9.00 | Equal-Weight | Morgan Stanley |
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), a leading software and services company for travel, expense and meetings & events, has confirmed today that the U.K. Competition and Markets Authority (the "CMA") has published its interim report regarding Amex GBT's proposed acquisition of CWT, a global business travel and meeting solutions provider. Amex GBT fundamentally disagrees with the CMA's interim assessment that the transaction may result in a substantial lessening of competition in the UK and it will continue to work collaboratively with the CMA to demonstrate that the transaction should be a
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), a leading software and services company for travel, expense, and meetings & events, today announced financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Continued to Deliver Strong Financial Results TTV grew 9% year over year to $7.8 billion. Revenue grew 5% year over year to $597 million. Adjusted EBITDA grew 23% year over year to $118 million. Strong Free Cash Flow generation of $59 million, totaling $132 million year to date. Significant Margin Expansion Revenue grew 5%, while Adjusted Operatin
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), a leading software and services company for travel, expense, and meetings & events, today announced that it will report third quarter 2024 financial results on November 5, 2024, before the market opens. Chief Executive Officer Paul Abbott and Chief Financial Officer Karen Williams will discuss Amex GBT's financial performance and business outlook on a live audio webcast at 09:00 A.M. ET. The webcast is expected to last approximately one hour and will be accessible by visiting the Investor Relations section of Amex GBT's website at investors.amexglobalb
4 - Global Business Travel Group, Inc. (0001820872) (Issuer)
4 - Global Business Travel Group, Inc. (0001820872) (Issuer)
4 - Global Business Travel Group, Inc. (0001820872) (Issuer)
AlTi Global, Inc. (NASDAQ:ALTI) ("AlTi"), a leading independent global wealth and asset manager, today announced the appointment of Norma Corio to its Board of Directors ("Board"), following the departure of Hazel McNeilage, effective June 29, 2023. "I am thrilled to welcome Norma to our Board as AlTi embarks on its next phase of growth," said Michael Tiedemann, Chief Executive Officer of AlTi Global. "Norma offers over four decades of public company, banking and capital markets experience which will be invaluable in establishing AlTi as a leading global wealth and asset management platform in the public markets. I would like to thank Hazel for her contributions to the Board and wish her
SC 13G/A - Global Business Travel Group, Inc. (0001820872) (Subject)
SC 13G/A - Global Business Travel Group, Inc. (0001820872) (Subject)
SC 13D - Global Business Travel Group, Inc. (0001820872) (Subject)
UBS initiated coverage of Global Business Travel Group with a rating of Buy and set a new price target of $11.00
Citigroup upgraded Global Business Travel Group from Neutral to Buy and set a new price target of $8.00
Evercore ISI initiated coverage of Global Business Travel Group with a rating of Outperform and set a new price target of $8.00
8-K - Global Business Travel Group, Inc. (0001820872) (Filer)
10-Q - Global Business Travel Group, Inc. (0001820872) (Filer)
8-K - Global Business Travel Group, Inc. (0001820872) (Filer)
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), a leading software and services company for travel, expense, and meetings & events, today announced financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Continued to Deliver Strong Financial Results TTV grew 9% year over year to $7.8 billion. Revenue grew 5% year over year to $597 million. Adjusted EBITDA grew 23% year over year to $118 million. Strong Free Cash Flow generation of $59 million, totaling $132 million year to date. Significant Margin Expansion Revenue grew 5%, while Adjusted Operatin
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), a leading software and services company for travel, expense, and meetings & events, today announced that it will report third quarter 2024 financial results on November 5, 2024, before the market opens. Chief Executive Officer Paul Abbott and Chief Financial Officer Karen Williams will discuss Amex GBT's financial performance and business outlook on a live audio webcast at 09:00 A.M. ET. The webcast is expected to last approximately one hour and will be accessible by visiting the Investor Relations section of Amex GBT's website at investors.amexglobalb
American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE:GBTG) ("Amex GBT" or the "Company"), a leading B2B software and services company for travel, expense, and meetings & events, today announced financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Delivered Strong Financial Results Revenue grew 6% year over year to $625 million. Adjusted EBITDA grew 20% year over year to $127 million. Strong Free Cash Flow generation of $49 million, representing growth of 148% year over year. Controlled Costs & Drove Operating Leverage 2% Adjusted Operating Expense growth versus 6% revenue growth.
Gainers Carriage Servs (NYSE:CSV) shares moved upwards by 29.3% to $35.35 during Tuesday's after-market session. The company's market cap stands at $536.0 million. Sportsman's Warehouse (NASDAQ:SPWH) shares moved upwards by 8.52% to $2.8. The company's market cap stands at $105.6 million. Kirkland's (NASDAQ:KIRK) stock increased by 6.25% to $1.87. The company's market cap stands at $24.3 million. ToughBuilt Industries (NASDAQ:TBLT) stock increased by 5.76% to $3.3. The market value of their outstanding shares is at $2.5 million. PLBY Group (NASDAQ:PLBY) stock rose 5.7% to $0.79. The company's market cap stands at $57.3 million. Connexa Sports Techs (NASDAQ:YYAI) stock moved upwards by
Reiterating Full-Year 2024 GuidanceKaren Williams, Amex GBT's Chief Financial Officer, stated: "First quarter performance was in line with our expectations, and we remain confident in delivering the strong profitability growth we have guided to for the full year. We expect our continued focus on productivity, margin expansion and cash flow acceleration will drive full-year Adjusted EBITDA growth between 18% and 32% and Free Cash Flow generation in excess of $100 million in 2024."The guidance below does not incorporate the impact of the CWT acquisition, which is expected to close in the second half of 2024. Full-Year 2024 GuidanceYear-over-Year GrowthRevenue$2.43B – $2.50B+ 6% – 9%Adjusted EB
Global Business Travel (NYSE:GBTG) reported quarterly losses of $(0.04) per share which missed the analyst consensus estimate of $0.04 by 200 percent. This is a 33.33 percent increase over losses of $(0.06) per share from the same period last year. The company reported quarterly sales of $610.00 million which missed the analyst consensus estimate of $624.28 million by 2.29 percent. This is a 5.54 percent increase over sales of $578.00 million the same period last year.