Citi analyst Ronald Josey maintains $Booking Holdings (BKNG.US)$ with a buy rating, and adjusts the target price from $4,100 to $5,500.
According to TipRanks data, the analyst has a success rate of 60.5% and a total average return of 25.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Booking Holdings (BKNG.US)$'s main analysts recently are as follows:
The analyst is increasingly positive on shares of Booking Holdings, noting the acceleration of room night growth and gross bookings, the continuation of Q3 travel trends into October, and the expansion of margins. Booking Holdings is highlighted as the preferred choice within the online travel sector.
The company is experiencing significant global expansion.
Booking Holdings' recent performance exceeded Q3 expectations and the outlook for Q4 indicates a robust European leisure travel market, as well as significant profit scalability of the company's platform. As attention shifts to investment intensity for 2025 among Booking and its peers, the market's stance remains measured.
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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