Goldman Sachs Sticks to Their Buy Rating for Atour Lifestyle Holdings (ATAT)

In a report released today, from Goldman Sachs maintained a Buy rating on Atour Lifestyle Holdings, with a price target of $45.00. The company’s shares closed yesterday at $37.15.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Atour Lifestyle Holdings with a $41.10 average price target, which is a 10.63% upside from current levels. In a report released yesterday, Bank of America Securities also reiterated a Buy rating on the stock with a $38.30 price target.

Based on Atour Lifestyle Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.91 billion and a net profit of $242.7 million. In comparison, last year the company earned a revenue of $1.47 billion and had a net profit of $257.16 million