Ascendiant Capital Markets raises the target price for Booking Holdings Inc. (BKNG:NSD) to $3000

Booking Holdings Inc Stock Forecast:

According to a forecast from 29 analysts, the average target price for Booking Holdings Inc stock over the next 12 months is USD 2,802.39. The average analyst rating for the company is “Buy.” Stock Target Advisor‘s analysis also indicates a bullish outlook, based on 11 positive signals and 4 negative signals. As of the last closing, the stock price of Booking Holdings Inc was USD 2,647.46. Over the past week, the stock price has increased by +3.82%, over the past month by +0.30%, and over the last year by +12.86%.

BKNG Ratings by Stock Target Advisor

Analysts Coverage Change:

Wells Fargo Initiates an Underweight rating for Booking Holdings Inc, and sets the target price at $2257.

Ascendiant Capital Markets, has raised its target price for Booking Holdings Inc. The target price has been increased from $2,850 to an impressive $3,000, reflecting the company’s exceptional first-quarter performance and its optimistic outlook for 2023.

Booking Holdings Inc. has demonstrated remarkable resilience and adaptability in the face of the COVID-19 pandemic. The company’s first-quarter results surpassed expectations, with revenue and bookings exceeding pre-pandemic levels. This strong performance has instilled confidence in investors and analysts, prompting Ascendiant Capital Markets to revise its target price upward.

The travel industry took a severe hit during the pandemic, but Booking Holdings Inc has successfully navigated through the challenges by implementing strategic initiatives and capitalizing on emerging opportunities. With the gradual reopening of borders the company is well-positioned to capitalize on the rebound in travel demand.

 

FA Score (Fundamental Analysis):

The fundamental analysis of Booking Holdings Inc. is “Bullish” witan FA score of 7.3 out of 10, where 0 is very bearish and 10 is very bullish.

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