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Hertz Is a Buy on Outlook for Post-Pandemic Travel: Tigress Financial -Breaking

by Mike Robinson

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© Reuters

Investing.com — Hertz Global Holdings (OTC:) Inc (NASDAQ:) shares fell 1% on Friday despite getting a buy rating by Tigress Financial.

Analyst Ivan Feinseth presented a price target at $32 for the stock. In a note, Feinseth stated that the company was “well-positioned to take advantage of favorable macro industry trends” as car rental revenues are expected to rise by nearly 50% over five years.

According to the analyst, the company will also benefit from post-pandemic growth in global travel and the increasing demand for personal mobile mobility.

Feinseth stated that HTZ has been increasingly positioning itself as a Transportation as a Service, (TaaS), rideshare provider. This includes drivers who are looking for long-term rentals and fleet maintenance services for operators.

Tigress indicated that it thinks there is significant upside, and the price target would represent a return of approximately 40% from current levels.

 

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