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Hertz Global (HTZ) Climbs 10% on Travel Demand Pickup Hopes
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. Hertz Global Holdings Inc. (NASDAQ:HTZ) is one of the 10 Stocks With Easy 9-30% Upside. Hertz extended its winning streak to a fourth consecutive day on Thursday, surging 10.05 percent to close at $6.57 apiece as investors placed bets on renewed travel demand amid the easing tensions in the Middle East. Hertz Global Holdings Inc. (NASDAQ:HTZ) rallied alongside its counterpart, Avis Budget Group Inc., after the US and Iran agreed to a two-week truce that helped slash the prices of crude oil by double digits. Photo by Tupungato on Shutterstock Having been disrupted for more than a month, investors expected that travel demand would finally pick up, sparking growth prospects for the car rental sector. It can be learned that Hertz Global Holdings Inc. (NASDAQ:HTZ) takes a majority of its customers from leisure and business travelers, which means that any development in the overall travel sector could support the growth of its business. In other news, Hertz Global Holdings Inc. (NASDAQ:HTZ) is set to announce the results of its earnings performance for the first quarter of the year before market open on May 7, 2026. A conference call will be held to elaborate on the results. Prior to the start of the US-Israeli war on Iran, Hertz Global Holdings Inc. (NASDAQ:HTZ) provided an optimistic outlook for the first quarter of the year, with revenues expected to increase by mid-single digits. It said January revenues alone showed a meaningful improvement year-on-year, with the demand expected to continue in February and March. “Looking ahead to the rest of the year, the company remains focused on growing the off-airport and mobility business and accelerating revenue growth while staying disciplined on costs,” it said. While we acknowledge the potential of BE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. Disclosure: None. Follow Insider Monkey on Google News.
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