Movement Alert|Booking Holdings Rises 3.23% in Regular Trading, Multiple Investment Banks Maintain Buy Ratings With Targets Well Above Current Price

Market Focus09-14 21:53

On September 14, Booking Holdings rose 3.23% in regular trading, trading at $178.59/share, with turnover of $161 million.

On the news front, Gordon Haskett raised its price target on Booking Holdings to $224 from $220 while maintaining a Buy rating. The upgrade is part of a broader wave of bullish analyst sentiment. Rosenblatt Securities recently initiated coverage with a Buy rating and a $245 target, JPMorgan raised its target sharply from $208 to $248 while maintaining an Overweight rating, Argus lifted its target to $245 from $210, and HSBC maintained its Buy rating with a $301 target. According to FactSet, the consensus analyst mean target stands at $238.80, implying approximately 34% upside from the current price.

The bullish outlook is underpinned by Booking Holdings' strong Q2 results reported in early August, with adjusted EPS of $2.54 beating expectations, revenue of $7.35 billion rising 8% year-over-year, and management expressing confidence in resilient travel demand through summer. The company also highlighted $100 million in incremental run-rate cost savings and reiterated its low-to-mid-teens EPS growth target.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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