Booking Holdings Inc.’s Stock Price Soars to $3383.43, Marking a Positive Leap of 1.66%

Booking Holdings Inc. (BKNG)

3383.43 USD +55.30 (+1.66%) Volume: 0.67M

Booking Holdings Inc.’s stock price stands strong at 3383.43 USD, marking a positive shift of +1.66% this trading session with a trading volume of 0.67M. Despite the YTD percentage change of -4.62%, the resilience of BKNG’s stock performance demonstrates its potential for growth in the investment market.

Latest developments on Booking Holdings Inc.

Booking Holdings CEO Glenn Fogel’s comments on the impact of AI on the travel industry have sparked debates among industry experts. While Fogel believes AI will accelerate the decline of travel agents, the American Society of Travel Advisors (ASTA) disagrees. Despite this, Booking Holdings (BKNG) has seen fluctuations in its stock price, with Jefferies lowering its price target to $4,350. Analysts have given the stock a “moderate buy” recommendation, noting that the company beat earnings expectations. However, Jefferies recently cut Booking Holdings shares target due to a revised 2025 revenue forecast. Despite these changes, some investors like Cetera Advisors LLC have increased their stake in the company, while others like Barclays have lowered the price target to $3,900. Overall, Booking Holdings continues to be a key player in the travel industry, with analysts updating their forecasts based on the company’s performance.

Booking Holdings Inc. on Smartkarma

Analysts on Smartkarma have been closely monitoring Booking Holdings, with Baptista Research highlighting the company’s strong performance in the first quarter of 2024. The company exceeded expectations by booking nearly 300 million room nights, showing a growth of 9% year-over-year. Revenue for Q1 reached $4.4 billion, reflecting a 17% increase, while adjusted EBITDA was around $900 million. Baptista Research also conducted a fundamental analysis of the company’s historical financial statements to assess factors that could impact its future price.

Another report by Mohshin Aziz focused on Booking.com’s record 2023 results and cash dividend announcement, which was overshadowed by soft guidance leading to a 10% drop in share price. Despite this, the stock is trading at a deep discount with buyback potential. The report highlighted the opportunity to buy on dips, as the stock is trading at around 20x FY24 PE and an 18% discount to the long-term mean. Additionally, there is a balance of $7.5 billion in share buybacks, representing 6.1% of shares in issue.

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 received a mixed bag of Smart Scores, indicating a varied long-term outlook for the company. While it scores high in Growth and Resilience, suggesting potential for expansion and ability to weather economic downturns, its Value score is notably low. This may indicate that the stock is currently overvalued compared to its intrinsic worth. With a moderate score in Momentum, Booking Holdings seems to be steadily moving forward, albeit not at a rapid pace. The Dividend score falls in the middle, signifying a decent but not exceptional dividend payout.

Overall, Booking Holdings Inc. appears to have a promising future in terms of growth and resilience, but investors may want to carefully consider the current valuation before making investment decisions. With a strong focus on providing online travel services worldwide, the company’s platform offers a wide range of options for customers looking to make travel reservations. By staying competitive in the ever-evolving travel industry, Booking Holdings is poised to continue serving a global customer base for years to come.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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