BofA Boosts Atour Lifestyle Price Target: Wall Street's Bullish $36.80 Forecast Signals Investor Confidence

Bank of America Boosts Atour Lifestyle Price Target, Signals Strong Growth Potential
Investors are taking notice as Bank of America analysts raise their price target for Atour Lifestyle (ATAT), demonstrating confidence in the company's performance. The firm has increased its target price to $36.80, up from the previous $35.30, while maintaining a bullish "Buy" rating on the stock.
With the company's fiscal year 2024 earnings report scheduled for March 25 before market opening, analysts are projecting impressive growth. BofA forecasts a robust 52% year-over-year revenue increase, expected to reach RMB 7.1 billion—strategically positioning itself at the upper end of management's guidance range of 48%-52%.
This optimistic outlook suggests Atour Lifestyle is well-positioned to exceed market expectations and deliver strong financial results in the upcoming quarterly report. Investors and market watchers are advised to keep a close eye on this promising hospitality and lifestyle company.