Stocks
Cantor Fitzgerald Boosts Apple Hospitality REIT Price Target to $18.00
Cantor Fitzgerald has reiterated its Overweight rating on Apple Hospitality REIT (NYSE:APLE), setting a price target of $18.00 following meetings with the company's management team.
The stock currently trades at $16.50, up 45% year-to-date, but Cantor Fitzgerald considers it overvalued at current levels.
The firm noted that recent improvement in hotel fundamentals has been broader than World Cup-related demand, with Apple Hospitality seeing strength across leisure, general business transient, and group segments.
Cantor Fitzgerald sees a favorable comparison setup for the company in the second half of 2026 as government demand laps fourth-quarter 2025 weakness during the government shutdown.