RBC Capital analyst Brad Erickson maintains $Booking Holdings (BKNG.US)$ with a buy rating, and adjusts the target price from $3,900 to $5,250.
According to TipRanks data, the analyst has a success rate of 55.1% and a total average return of 20.1% 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' robust Q3 outcomes and Q4 projections reflect the unexpectedly strong European leisure travel sector and the profit scale of the company's platform. While there is an anticipation of investment intensity for Booking and other travel entities as the market shifts its focus to 2025, the company's current performance is noteworthy.
Booking Holdings' recent performance surpassed expectations in several key areas, including Room Nights, Revenue, and adjusted EBITDA, while EPS fell short only on account of a significant one-off expense. The company's growth in alternative accommodations has been robust, and there's an observed acceleration in airline ticket sales and rental car days, indicating that Booking's Connected Trip initiative is gaining traction among consumers.
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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