Park Hotels & Resorts stock (US7005171050): Wells Fargo lifts price target as NYSE shares trade around USD 10

Park Hotels & Resorts shares on the NYSE are trading near USD 10 after Wells Fargo raised its price target to USD 12 while keeping an Equal-Weight rating, putting fresh focus on the US hotel REIT ahead of its next earnings update.

Park Hotels & Resorts shares are drawing attention on the New York Stock Exchange after Wells Fargo raised its price target on the US lodging REIT to USD 12.00 from USD 10.00 on 06/01/2026 while maintaining an Equal-Weight rating, according to a research summary published by GuruFocus based on Wells Fargo data as of 06/01/2026. GuruFocus as of 06/01/2026 cites the updated view for Park Hotels & Resorts, which continues to trade in the US market as a real estate investment trust focused on hotels.

On the home exchange NYSE in the United States, Park Hotels & Resorts recently changed hands at about USD 10.23 in regular trading on 06/02/2026, with an after-hours indication of USD 10.24 at 7:58 p.m. ET, according to price data from Zacks Investment Research as of 06/02/2026. Zacks as of 06/02/2026 shows the stock down 0.30 points, or 2.85 percent, on the day to USD 10.23 before the slight after-market uptick.

As of: 02.06.2026

By the editorial team - specialized in equity coverage.

At a glance

• Name: PK
• Sector/industry: Hotel and resort real estate investment trust (REIT)
• Headquarters/country: Tysons, United States
• Core markets: Major US urban, resort and convention destinations
• Key revenue drivers: Room revenue, food and beverage sales, ancillary hotel services and management fees from a portfolio of branded hotels
• Home exchange/listing venue: New York Stock Exchange (PK)
• Trading currency: USD

Park Hotels & Resorts: core business model

Park Hotels & Resorts operates as a US-listed hotel REIT that owns a portfolio of primarily upscale and luxury properties in key American travel and convention markets, generating most of its revenue from lodging operations, food and beverage, and related guest services at these hotels.

Latest quarterly results for Park Hotels & Resorts at a glance

While Wells Fargo’s target change is the freshest data point, investors continue to anchor their view of Park Hotels & Resorts on the latest quarterly results, which highlighted the company’s exposure to business travel, group bookings and leisure demand across the United States. The most recent reported quarter showed how room revenue and occupancy trends in major US cities and resort destinations influence overall funds from operations, a key earnings metric for REITs that adjusts net income for non-cash items such as depreciation on hotel properties.

Consensus data compiled by Zacks as of 06/02/2026 indicates that analysts on average expect Park Hotels & Resorts to see its share price reach around USD 13.23 over the short term, based on 13 published price targets that range from USD 10.00 to USD 20.00. Zacks as of 06/02/2026 notes that this average target implies an upside of about 25.64 percent versus a last closing price of USD 10.53 referenced in its dataset, underlining how expectations for operating performance and cash generation in coming quarters feed into valuation debates around the stock.

Conclusion

The latest move by Wells Fargo to lift its price target on Park Hotels & Resorts to USD 12.00 while reiterating an Equal-Weight rating highlights how US banks are fine-tuning their views on the lodging-focused REIT as it trades near USD 10 on the NYSE. Taken together with consensus forecasts around USD 13.23 cited by Zacks as of 06/02/2026, the updated target underscores that expectations for future funds from operations, demand trends across US hotel markets and balance sheet discipline remain central to how the stock is assessed in the current environment.

Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.