Booking Holdings Inc.’s Stock Price Plummets to $3328.13, Witnessing a Shocking 9.17% Drop

Booking Holdings Inc. (BKNG)

3328.13 USD -336.05 (-9.17%) Volume: 0.79M

Booking Holdings Inc.’s stock price stands at 3328.13 USD, witnessing a sharp decline of -9.17% this trading session with a trading volume of 0.79M, further extending its Year-To-Date (YTD) losses to -6.18%, reflecting the volatile market conditions impacting BKNG’s performance.

Latest developments on Booking Holdings Inc.

Booking Holdings (BKNG) reported strong Q2 earnings and revenue growth, beating expectations and showing a year-over-year rise. Despite a weak outlook and slower bookings growth leading to a cut in shares target by JPMorgan, the CEO remains optimistic about the overall performance. With room night growth expected to ease through the summer, Booking Holdings saw its stock price increase by 7% to $5.9 billion in Q2 revenue. Analysts at Wedbush have raised the price target to $4,200.00, reflecting confidence in the company’s performance despite challenges in the short-term rental business. As the company continues to navigate changing travel spending trends, investors are eagerly awaiting the Q2 earnings conference call for potential stock price movements.

Booking Holdings Inc. on Smartkarma

Analysts on Smartkarma, such as Baptista Research and Mohshin Aziz, have been closely covering Booking Holdings, a company that has shown strong performance in recent quarters. Baptista Research highlighted how Booking Holdings exceeded expectations in Q1 of 2024, with revenue growth of 17% and adjusted EBITDA reaching approximately $900 million. The research report also delves into the factors that could impact the company’s stock price in the near future, using a Discounted Cash Flow methodology for valuation.

On the other hand, Mohshin Aziz’s report on Booking.com emphasized the company’s record 2023 results and cash dividend announcement. Despite a 10% share price drop due to soft guidance, the report suggests that Booking.com is trading at a deep discount with buyback potential. The report points out that the stock is currently trading at around 20x FY24 PE, representing an 18% discount to the long-term mean. With a balance of USD7.5 billion allocated for share buybacks, the report sees this as a good opportunity to buy on dips.

A look at Booking Holdings Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Booking Holdings Inc. has a promising long-term outlook based on the Smartkarma Smart Scores. With a high Growth score of 5, the company is expected to see significant expansion and development in the future. Additionally, Booking Holdings also scored well in Resilience and Momentum, indicating its ability to withstand market fluctuations and maintain a strong performance trajectory. While the Value score may be lower, the overall positive outlook for the company suggests potential for long-term success in the online travel industry.

As an online travel company serving customers worldwide, Booking Holdings Inc. stands out for its strong performance in key areas. With a Dividend score of 2, the company may not offer high dividend payouts, but its focus on growth and resilience bodes well for its future prospects. The solid Momentum score further reinforces Booking Holdings‘ position as a market leader in providing travel reservations and services. Overall, the company’s favorable Smart Scores indicate a bright long-term outlook in the online travel industry.

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