Hertz stock price forecast incorporates global travel trends

Hertz stock price forecast incorporates global travel trends, with European rental demand a potential tailwind. Analysts see cross-border fleet optimization as a key factor in stabilizing earnings. On the date of publication, Ebube Jones did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com On April 1, 2024, West – who was previously Delta Airlines chief operating officer -- replaced Scherr as CEO. West cut operating costs by selling a large portion of Hertz’s EV fleet and the associated remote charging network – taking a $200 million writedown, the Journal wrote. Hertz stock price forecast remains under pressure as shares trade around $4.25, reflecting weak Q1 2024 rental demand and rising fleet costs. Analysts note that recovery depends on stronger US travel trends and margin improvements in the coming quarters.