Summary
Cantor Fitzgerald reiterated a Neutral rating on Sabre Corporation (NASDAQ: SABR) and kept a $2.00 price target following the company’s fourth-quarter report. The target sits well above the stock’s market price at the time of the note. Sabre topped consensus on several line items for the period and outlined an artificial intelligence strategy intended to underpin so-called agentic travel experiences, but the broker said the business needs a clearer signal of sustainable momentum before it will change its view.
Earnings and market context
In its quarter, Sabre delivered revenue and EBITDA that came in ahead of prior street estimates by 2% and 8%, respectively, according to Visible Alpha. The company also reported fourth-quarter 2025 earnings that exceeded Wall Street expectations, with an adjusted EPS of -$0.01 versus the anticipated -$0.0667. Revenue for the quarter reached $666.53 million compared with an expected $653.35 million.
Despite the upside to estimates, Sabre’s trailing twelve months EBITDA is reported at $387.2 million, while net income to common shareholders remains negative at -$254.84 million. InvestingPro data cited by Cantor Fitzgerald showed the stock trading near $1.05 at the time of the report, and the name has fallen 65.49% over the past year. The consensus analyst score cited was 2.14, a reading the firm characterized as between Hold and Sell.
Guidance and operating outlook
For the first quarter, Sabre expects mid-single-digit percentage growth in air bookings and in revenue. The company’s full-year outlook calls for mid-single-digit revenue growth, with an expected 80 basis points of margin expansion at the midpoint. Management attributes the margin improvement to steady volume growth coupled with cost-saving initiatives.
AI strategy and partnerships
Sabre described an artificial intelligence strategy aimed at creating a foundational layer for agentic travel experiences, noting its data advantages and naming recent partnerships with MindTrip and PayPal. Cantor Fitzgerald characterized the progress on agentic products and these partnerships as encouraging, but the firm said it will remain on the sidelines until there is a clearer path to durable re-acceleration in Sabre’s business.
Market reaction and analyst views
Investors reacted positively to the quarter’s top-line and EPS beat, with the stock showing significant pre-market movement following the results. While the quarterly figures and the company’s strategic disclosures have drawn attention from several firms reassessing Sabre’s trajectory, Cantor Fitzgerald’s stance reflects a cautious posture pending more convincing evidence of sustained improvement.
Conclusion
Sabre’s recent quarter combined modest beats on revenue and EBITDA with a continued operating loss on the income statement and a multi-point decline in share price over the past year. Management’s guidance and the company’s AI-focused roadmap provide potential levers for recovery, but at least one major broker remains unwilling to upgrade until Sabre demonstrates a clearer, durable re-acceleration of its core business.