03:05 PM EDT, 04/03/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We maintain our price target of $3.20, utilizing an EV/sales ratio of 1.8x our 2024 sales view, below peers and SABR's three-year average (~2.4x) given its high debt load ($4.8B), negative cash flow, and subsequent liquidity risks. We keep our FY 24 sales view at $3.0B and raise FY 25's by $62M to $3.13B. Shares have sold off sharply following Q4 earnings, declining by 57% at their bottom before rising more than 30% over the past two to three weeks. We remain skeptical that air travel can materially exceed pre-Covid levels, but we see the sell-off as an overreaction (a buying opportunity), given our expectation of positive free cash flow in FY 24 and SABR's extended debt maturity profile/positive signings momentum (including a number of large airlines and a major deal with Hyatt in hospitality). We also see profitability upside, as SABR has largely completed its cloud migration and should see operational benefits. We maintain our FY 24 loss per share view at $0.20 and increase our FY 25's by $0.02 to $0.32.