Is Park Hotels & Resorts (PK) Still Undervalued Following Strong Q2 Results And Raised Guidance?

Park Hotels & Resorts (PK) reported strong Q2 2026 results, exceeding revenue expectations, achieving profitability, and raising full-year guidance. Despite a significant 33.82% share price increase over 90 days, the company is still considered 23.9% undervalued with a fair value narrative of $19.40 against a current price of $14.76. This optimism is driven by expected EBITDA growth from key investments and potential demand from Miami's World Cup, though risks like capital-intensive upgrades and labor costs remain.