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:
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美東時間10月31日，多家華爾街大行更新了$Booking Holdings (BKNG.US)$的評級，目標價介於4,850美元至5,500美元。
美銀證券分析師Justin Post維持持有評級，目標價4,850美元。
巴克萊銀行分析師Trevor Young維持買入評級，並將目標價從4,500美元上調至5,100美元。
TD Cowen分析師Kevin Kopelman維持買入評級，並將目標價從4,000美元上調至5,500美元。
BMO資本市場分析師Brian Pitz維持買入評級，並將目標價從4,205美元上調至5,155美元。
奧本海默控股分析師Jed Kelly維持買入評級，並將目標價從5,000美元上調至5,500美元。
此外，綜合報道，$Booking Holdings (BKNG.US)$近期主要分析師觀點如下：
Booking Holdings報告了強勁的業績，客房夜晚、營業收入和調整後的EBITDA均超出預期。EPS的唯一不足之處被歸因於一次性重大費用。替代住宿的持續優勢和航空票和租車天數的加速增長表明該公司的Connected Trip計劃正受到客戶的青睞。
在Booking Holdings的第三季度業績超過街頭預測，包括毛訂金、營業收入和EBITDA後，Q4的預期已經提升，預計訂單趨勢將持續改善。此外，到2025年的長期盈利預測已經提高，主要是由於預期營業收入增加，預計年增長率爲8%。
Booking Holdings最近的財務業績廣泛超出預期，並且提供的指導超過了估計。儘管在公佈之前市場對公司已經寄予厚望，但預計市場會積極回應。公司的銷售和利潤率趨勢顯示出有利的動向，這將有助於維持股票短期軌跡的積極動能。
Booking Holdings的修訂前景更爲樂觀，這得益於第三季度的業績，加強了對2025年顯著利潤率擴張的預期，以支持目前中20多倍的市盈率。預計2025年旅行市場景氣，並謹慎對待歐洲市場比較，認識到歐洲可能會經歷與預計的2023/2024年美國休閒旅行類似的放緩。儘管如此，預期歐洲消費者的旅行行爲在收入水平上的差異較少，相較於美國市場。
Booking Holdings在年下半年的業績預期更爲強勁，這是在前景改善和歐洲業務復甦之際。公司還擁有幾種機制來增加盈利能力，比如利用營銷支出、增加直接預訂比例和擴大商家組合。
以下爲今日6位分析師對$Booking Holdings (BKNG.US)$的最新投資評級及目標價：
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