Booking Holdings Inc. has been a favorite stock with hedge funds and was named among the top consumer discretionary stocks. Capital Investment Advisors trimmed its holdings while BDF Gestion and Opal Wealth Advisors made new investments. Despite lower price targets by Jefferies and mixed performance ahead of Q2 2024 earnings, the stock has outperformed the market. In its partnership with Cover Genius and Visa, the company is making positive strides towards benefiting travelers and diners respectively. The earnings and revenues for Q2 exceeded estimates, leading to the stock increasing in value. Analysts have, however, reduced their EPS estimates for FY2024. The intrinsic value of the stock is potentially 46% more than its share price, making it a solid investment opportunity. Despite a weak Q3 outlook, the stock continues to receive moderate buy advice from brokerages. The company is expected to initiate dividends and partnerships with PHD and Taipei promise a boost to its customer base. BKNG is a currently trending stock with strong momentum thanks to increased long-term growth prospects.
Booking Holdings BKNG News Analytics from Wed, 21 Feb 2024 08:00:00 GMT to Sun, 11 Aug 2024 14:00:30 GMT -
Rating 7
- Innovation 7
- Information 8
- Rumor -1
