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Investing.com - JPMorgan has assumed coverage of Helloworld Travel Ltd (ASX:HLO) with an Overweight rating and a price target of AUD2.20.
The firm’s coverage follows Helloworld’s fiscal year 2026 guidance, which indicates strong forward bookings for the remainder of 2025 and well into 2026.
Helloworld Travel has projected FY26 EBITDA between $64 million and $72 million, representing 12% growth compared to the prior corresponding period.
JPMorgan notes that Helloworld’s substantial cash balance provides optionality and is driving M&A activity, as demonstrated by the company’s recent AUD0.90 bid for WLJ.
The price target of AUD2.20 is set for June 2026, reflecting JPMorgan’s positive outlook on the travel company’s growth prospects.
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