Booking Holdings Inc. (BKNG) delivered a solid performance, hitting a
52 week high, with coverage suggesting continued growth. This bullish run is driven by several factors. It has been upgraded to a
strong buy by Wall Street, indicating an optimistic outlook. Increased investment activities around the company are evident as
Fiera Capital Corp and
Montecito Bank & Trust raised their holdings, while others like
AIA Group Ltd and
Confluence Investment Management LLC trimmed theirs. Despite company-wide job cuts, the growth from increased bookings resulted in
Q3 earnings surpassing estimates. Various hedge funds identified it as one of the top consumer cyclical stocks to buy. BKNG's
revenue and earnings have been on a steady rise and expectations are high ahead of the next release. However, insiders sell-offs could signal caution. Partnerships have been formed, such as a team-up with
Visa to benefit diners. Despite certain challenges, Wall Street analysts hold a generally positive sentiment towards the company's prospects.
Booking Holdings BKNG News Analytics from Mon, 24 Jun 2024 07:00:00 GMT to Sat, 09 Nov 2024 13:29:39 GMT -
Rating 7
- Innovation 4
- Information 9
- Rumor 4
