On Oct 31, major Wall Street analysts update their ratings for $Booking Holdings (BKNG.US)$, with price targets ranging from $4,850 to $5,500.
BofA Securities analyst Justin Post maintains with a hold rating, and sets the target price at $4,850.
Barclays analyst Trevor Young maintains with a buy rating, and adjusts the target price from $4,500 to $5,100.
TD Cowen analyst Kevin Kopelman maintains with a buy rating, and adjusts the target price from $4,000 to $5,500.
BMO Capital analyst Brian Pitz maintains with a buy rating, and adjusts the target price from $4,205 to $5,155.
Oppenheimer analyst Jed Kelly maintains with a buy rating, and adjusts the target price from $5,000 to $5,500.
Furthermore, according to the comprehensive report, the opinions of $Booking Holdings (BKNG.US)$'s main analysts recently are as follows:
Booking Holdings reported a strong performance with Room Nights, Revenue, and adjusted EBITDA surpassing expectations. The only shortfall in EPS was attributed to a significant one-time expense. The continued strength in alternative accommodations and accelerated growth in airline tickets and rental car days indicate that the company's Connected Trip initiative is gaining traction with customers.
After Booking Holdings' Q3 results surpassed Street forecasts in terms of gross bookings, revenue, and EBITDA, expectations for Q4 have been elevated, with an anticipation of continued improvement in bookings trends. Additionally, the long-term earnings projection for 2025 has been increased, mainly due to anticipated higher revenue, with an estimated growth rate of 8% for the top line.
Booking Holdings' recent financial results surpassed expectations broadly, and the provided guidance was ahead of estimates. The performance is expected to be positively received, despite the already high expectations prior to the announcement. Sales and margin trends for the company are showing favorable movement for the fourth quarter, which should contribute to maintaining the positive momentum in the stock's near-term trajectory.
The revised outlook for Booking Holdings is more optimistic following the Q3 results, which bolster the expectation of significant margin expansion by 2025 to support the current price-to-earnings multiple in the mid-20s. Anticipation of a robust travel landscape in 2025 is tempered with a cautious view on European market comparisons, acknowledging concerns that Europe could experience a similar slowdown in leisure travel as predicted for the U.S. in 2023/2024. Nevertheless, the expectation is that the travel behavior amongst European consumers exhibits less disparity based on income levels compared to the U.S. market.
Booking Holdings' stronger projected results for the second half of the year come amid an improving outlook and a resurgence in its European business. The company also possesses several mechanisms to enhance profitability, such as leveraging marketing expenditures, enhancing the proportion of direct bookings, and expanding the merchant mix.
Here are the latest investment ratings and price targets for $Booking Holdings (BKNG.US)$ from 6 analysts:
Note:
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