H World Group delivered Q1 2026 results ahead of consensus, highlighting strong execution and successful asset-light transformation. We maintain a BUY rating and raise the target price to $63/share, implying 42% upside, based on a 20x forward earnings multiple. HTHT's expansion in midscale, upper-midscale, and international markets, coupled with a robust membership network, drives pricing power and resilience.
H World Group: Asset-Light Mastery And Global Ambitions, Raising Target Price To $63
Source: Seeking Alpha