Deutsche Bank analyst Lee Horowitz maintains $Booking Holdings (BKNG.US)$ with a buy rating, and adjusts the target price from $4,105 to $5,200.
According to TipRanks data, the analyst has a success rate of 70.0% and a total average return of 31.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Booking Holdings (BKNG.US)$'s main analysts recently are as follows:
Booking Holdings' Q3 outcomes and Q4 projections indicate a more robust European leisure travel market and the company's platform's profit scalability than was previously anticipated. The attention is now shifting towards the investment intensity for Booking and other travel entities as we look towards 2025.
Booking Holdings delivered a strong performance, surpassing expectations in Room Nights, Revenue, and adjusted EBITDA, with the only shortfall in EPS stemming from a significant one-time expense. The resilience in alternative accommodations growth, coupled with the acceleration in airline ticket sales and rental car days, indicates that the company's Connected Trip initiative is gaining traction with customers.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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