3 Reasons Why This Booking Holdings Analyst Is Bullish
Portfolio Pulse from Priya Nigam
Seaport Research Partners analyst Aaron Kessler initiated coverage of Booking Holdings Inc (NASDAQ:BKNG) with a Buy rating and a price target of $4,380, citing the company's global leadership in online accommodation reservations, focus on increasing alternative accommodations supply, and potential for EBITDA margin expansion. Despite a slight decline in shares to $3,711.91, Kessler is bullish on Booking Holdings' future, especially its growth prospects in 2024 and 2025.
February 20, 2024 | 5:09 pm
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POSITIVE IMPACT
Booking Holdings Inc receives a Buy rating and a $4,380 price target from Seaport Research Partners, highlighting its strong position and growth prospects in the online accommodation sector.
The initiation of coverage by Seaport Research Partners with a Buy rating and a high price target reflects a strong vote of confidence in Booking Holdings' business model, market position, and growth prospects. This positive analyst outlook, especially highlighting the company's strategic focus and potential for margin expansion, is likely to influence investor sentiment positively in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100