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Booking (NASDAQ:BKNG) Price Target Raised to $6,250.00 at Evercore ISI

Booking logo with Retail/Wholesale background

Key Points

  • Evercore ISI upgraded Booking (NASDAQ: BKNG) with a new price target of $6,250.00, suggesting a potential upside of 13.46% from its current price.
  • Various analysts have revised their price targets for Booking, with B. Riley now at $6,100.00, while UBS Group increased theirs to $6,300.00, indicating a strong overall market sentiment for the stock.
  • Booking's recent earnings report showed $55.40 EPS, exceeding estimates and indicating a 16.0% increase in revenue year-over-year, demonstrating robust financial performance.
  • MarketBeat previews top five stocks to own in September.

Booking (NASDAQ:BKNG - Get Free Report) had its price target upped by research analysts at Evercore ISI from $5,500.00 to $6,250.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the business services provider's stock. Evercore ISI's target price would indicate a potential upside of 14.55% from the company's current price.

Other equities analysts have also issued research reports about the company. Piper Sandler dropped their price objective on Booking from $5,120.00 to $5,077.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Robert W. Baird upped their price objective on Booking from $5,550.00 to $5,700.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. JMP Securities upped their price objective on Booking from $5,600.00 to $5,700.00 and gave the stock a "market outperform" rating in a research note on Wednesday, April 30th. B. Riley upped their price objective on Booking from $6,000.00 to $6,100.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, Morgan Stanley dropped their price objective on Booking from $5,000.00 to $4,800.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Eleven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Booking presently has a consensus rating of "Moderate Buy" and an average price target of $5,781.04.

View Our Latest Report on BKNG

Booking Stock Down 0.9%

NASDAQ:BKNG traded down $47.91 during mid-day trading on Wednesday, hitting $5,456.15. 35,317 shares of the company traded hands, compared to its average volume of 253,481. The stock's fifty day moving average price is $5,567.73 and its 200-day moving average price is $5,070.33. Booking has a one year low of $3,180.00 and a one year high of $5,839.41. The firm has a market cap of $176.83 billion, a price-to-earnings ratio of 37.95, a price-to-earnings-growth ratio of 1.68 and a beta of 1.40.

Booking (NASDAQ:BKNG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The business services provider reported $55.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $50.32 by $5.08. The business had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.54 billion. Booking had a negative return on equity of 134.19% and a net margin of 19.23%. Booking's revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $41.90 earnings per share. Equities analysts predict that Booking will post 209.92 EPS for the current year.

Insider Buying and Selling

In other Booking news, CEO Glenn D. Fogel sold 1,013 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $5,695.00, for a total transaction of $5,769,035.00. Following the transaction, the chief executive officer directly owned 26,633 shares in the company, valued at $151,674,935. This trade represents a 3.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders sold 3,039 shares of company stock worth $16,963,769. Company insiders own 0.16% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BKNG. Wealth Preservation Advisors LLC purchased a new position in Booking during the 1st quarter worth $28,000. Atwood & Palmer Inc. purchased a new position in Booking during the 2nd quarter worth $29,000. Bernard Wealth Management Corp. purchased a new position in Booking during the 4th quarter worth $30,000. Keystone Global Partners LLC purchased a new position in Booking during the 1st quarter worth $32,000. Finally, O Brien Wealth Partners LLC purchased a new position in Booking during the 2nd quarter worth $35,000. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

Booking Company Profile

(Get Free Report)

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.

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Analyst Recommendations for Booking (NASDAQ:BKNG)

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