OneSpaWorld Holdings Ltd. (OSW) PT Raised to $28 at Truist Securities

Truist Securities analyst Gregory Miller raised the price target on OneSpaWorld Holdings Ltd. (NASDAQ: OSW) to $28.00 (from $25.00) while maintaining a Buy rating.

The analyst commented: "Encouraging growth from Medi-Spa, greater Caribbean mix, and steady wellness spend; Our 2026 Adjusted EBITDA goes to $137.9M from $132.4M and EPS to $1.06 from $1.12. Our 2027 Adjusted EBITDA goes to $154.3M from $143.2M and EPS to $1.17 from $1.22. Our $28 price target (prior $25) is based on a 19.5x multiple (up half-turn) of our 2027 EBITDA estimate. We raise our valuation multiple in part from healthy fundamentals and what we believe have been structural improvements to the OSW business. While we recognize there are a number of downside risks at present (Iran/oil/virus/softer mass-market spend), we are positive on affluent traveler spend trends, an increasing cruise mix to the Caribbean, wellness industry trends, and OSW-specific strategies."

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