Booking Holdings (BKNG) reported strong
Q3 2024 earnings, beating both earnings and revenue estimates showcasing strength in European travel. This resulted in the stock rising and outperforming the broader market.
Gladstone Institutional Advisory LLC and
Solidarity Wealth LLC have purchased more shares, while
Benchmark reiterated its buy rating. The company also announced
an $8.75 quarterly dividend and a price target upgrade from several firms including Benchmark, Piper Sandler, Cantor Fitzgerald, Barclays, and B. Riley. Despite revenue surpassing estimates at
$8.0 billion, its
EPS missed estimates margin. Still, investors show positive sentiment towards the company with significant investment activity and responded positively to the news of
AI-powered features for smarter decision-making. However, the company's stock dipped slightly despite overall market gains. There are also rumors of possible stock split and strong growth prospects. Adding to the investors' confidence is
George Soros showing interest in Booking Holdings, considering it a leading company in the travel industry. Speculations of undervaluation by 39% have added to the positive outlook.
Booking Holdings BKNG News Analytics from Thu, 02 May 2024 07:00:00 GMT to Sat, 02 Nov 2024 11:18:21 GMT -
Rating 7
- Innovation 8
- Information 7
- Rumor -5
