{"id":529160,"date":"2026-07-07T07:25:13","date_gmt":"2026-07-07T07:25:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/529160\/"},"modified":"2026-07-07T07:25:13","modified_gmt":"2026-07-07T07:25:13","slug":"why-morgan-stanley-cut-its-outlook-on-hertz-global-holdings-inc-htz","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/529160\/","title":{"rendered":"Why Morgan Stanley Cut Its Outlook on Hertz Global Holdings, Inc. (HTZ)"},"content":{"rendered":"\n

Hertz Global Holdings, Inc. (NASDAQ:HTZ<\/a>) is among the best get rich quick stocks to buy right now<\/a>. On June 30, Andrew Percoco from Morgan Stanley trimmed the price target on Hertz Global Holdings, Inc. (NASDAQ:HTZ) to $3.50 from $5 and reaffirmed an Equal Weight rating. The firm has lowered its 2026 adjusted EBITDA estimate by 40%, bringing it to $213 million. This reflects a 2.4% margin, down from the previous projection of $359 million at a 4% margin, due to higher per-unit depreciation. <\/p>\n

Morgan Stanley has increased its depreciation per unit estimate for Q2 FY2026 to $300, up from $253, based on the revised guidance from management. With that said, the firm expects increased depreciation per unit to persist through the third and fourth quarters. For the full year 2026, the firm has now raised its projection to $298 from $281. <\/p>\n

\"Hertz<\/a> Hertz HTZ <\/p>\n

Tupungato \/ Shutterstock.com <\/p>\n

On June 25, JPMorgan analyst Rajat Gupta stated that the company’s Q2 pre-announcement reflects a stronger-than-expected uptick in net depreciation per unit, associated with softening in the used-car industry. While Hertz Global Holdings, Inc. (NASDAQ:HTZ) delivered the strongest YoY revenue growth in three years in Q1, the stock has delivered negative returns in the past year. But with an upside potential of 135.85%, HTZ remains one of the best get rich quick stocks to buy. <\/p>\n

Hertz Global Holdings, Inc. (NASDAQ:HTZ) is a Florida-based vehicle rental company. Founded in 1918, the company operates through the Americas RAC and International RAC segments. <\/p>\n

While we acknowledge the potential of HTZ 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 <\/a>best short-term AI stock<\/a>. <\/p>\n

READ NEXT: 33 Stocks That Should Double in 3 Years<\/a> and 15 Stocks That Will Make You Rich in 10 Years<\/a>\u00a0 <\/p>\n

Disclosure: None. Follow Insider Monkey on Google News<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"Hertz Global Holdings, Inc. (NASDAQ:HTZ) is among the best get rich quick stocks to buy right now. On…\n","protected":false},"author":2,"featured_media":529161,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,94928,150626,226314,85,46,4106],"class_list":["post-529160","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-depreciation","tag-get-rich-quick","tag-hertz-global-holdings","tag-il","tag-israel","tag-morgan-stanley"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/529160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=529160"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/529160\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/529161"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=529160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=529160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=529160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}