Booking Holdings has set its sights on contesting an impending EU antitrust rejection of its planned purchase of Swedish ETraveli Group, which amounts to a substantial 1.63 billion euros ($1.8 billion). In the coming days, the European Commission is anticipated to issue a statement of objections to both companies, outlining potential negative consequences for competition resulting from the acquisition.
Booking Holdings Inc.
BKNG
Strong Buy
Updated on: 01/09/2023
Booking Holdings Inc. Stock Performance: Impressive Earnings and Revenue Growth in the Travel Industry
BKNG stock had a mixed performance on September 1, 2023. The stock opened at $3,124.72 and traded within a range of $3,090.00 to $3,140.31. The trading volume was 230,153. Booking Holdings Inc. has a market capitalization of $108.6 billion. The company has shown impressive earnings growth over the past year, with a growth rate of +170.19%. This year, the earnings growth has remained strong at +37.84%. Analysts expect the company to maintain a growth rate of 20.00% over the next five years. The revenue growth of Booking Holdings Inc. has also been robust, with a growth rate of +55.96% in the last year. The price/earnings (P/E) ratio of 27.2 suggests that investors are willing to pay a premium for the stock. The price/sales ratio of 4.72 and the price/book ratio of 41.41 indicate that the stock may be slightly overvalued. On September 1, 2023, the stock experienced a slight decline, with a change of -0.47 and a percentage change of -1.18%. Trip.com Group Ltd (TCOM) and Expedia Group Inc (EXPE) also experienced declines in their stock prices, while MakeMyTrip Ltd (MMYT) saw an increase of +4.56%. TUI AG (TUIFF) remained unchanged. Booking Holdings Inc. is expected to release its next earnings report on November 1, 2023, with analysts forecasting an EPS of $67.61 for this quarter. The company operates in the other consumer services industry from its corporate headquarters in Norwalk, Connecticut. Despite the slight decline in stock price, Booking Holdings Inc. has shown strong financial performance with impressive earnings and revenue growth, making it an attractive investment option for investors interested in the travel industry.
Booking Holdings Inc (BKNG) Shows Promising Performance in Stock Market with Potential 11.11% Increase, Analysts Say
On September 1, 2023, Booking Holdings Inc (BKNG) had a promising performance in the stock market. According to data from CNN Money, the 27 analysts offering 12-month price forecasts for BKNG had a median target of $3,450.00, with a high estimate of $4,300.00 and a low estimate of $2,373.00. This median estimate represents an 11.11% increase from the last recorded price of $3,105.03.
The consensus among 34 polled investment analysts was to buy stock in BKNG. This rating has remained steady since August, indicating a consistent positive sentiment towards the company’s stock. Investors seem to have confidence in the future prospects of Booking Holdings Inc.
In terms of financial performance, BKNG reported earnings per share of $67.61 for the current quarter, along with sales of $7.1 billion. These figures demonstrate a strong financial position for the company. The next reporting date for BKNG’s financial results is scheduled for November 1.
Based on the analysts’ price forecasts and the positive consensus among investment analysts, it appears that BKNG has a positive outlook for the future. The stock has the potential to increase by 11.11% based on the median estimate, reaching a target price of $3,450.00. This suggests that investors may see significant returns if they decide to invest in BKNG.
Overall, the current data suggests that BKNG had a positive stock performance on September 1, 2023, with analysts predicting a potential increase in the stock price. Investors are advised to stay updated on the latest news and developments related to Booking Holdings Inc to make informed investment decisions.
