Booking Holdings (BKNG) reachead $4,363.72 at the closing of the latest trading day, reflecting a +0.3% change compared to its last close.
Booking Holdings (BKNG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Booking Holdings operates in a $600 billion total addressable market with moderate growth of 7% p.a. The company is the market leader with a 26% market share. Booking Holdings' platform business model is of high quality due to being asset-light, highly cash generative and mission-critical.
Booking outperforms competitors with strong financials and high profit margins, making it a top investment choice. Despite Airbnb's rise, Booking remains the most popular travel platform globally, with significant market share and advanced AI technology driving consumer decisions. Booking's forward P/E ratio of 24 is attractive compared to the S&P 500, offering high annual EPS growth and sustainable dividends and share buybacks.
Booking Holdings' ecosystem and merchant model drive competitive advantage, higher margins, and EPS growth above consensus, making it a strong buy. The company's shift to the merchant model enhances customer ownership and increases take rates, boosting revenue and profitability. Financial estimates show potential for 14% and 20% cash earnings growth in 2025 and 2026, supported by share buybacks and high FCF.
BKNG remains attractively valued with robust performance metrics, profitable growth, and strong global mindshare, despite the recent recovery. Booking's strategic focus on well diversified merchant offerings and global operations has driven significant revenue growth, particularly in the Netherlands and beyond the US. Despite the mixed balance sheet performance and potential near-term volatility, BKNG's raised FY2024 guidance and cheap PEG ratio underscore its robust long-term prospects.
In the most recent trading session, Booking Holdings (BKNG) closed at $4,292, indicating a +1.39% shift from the previous trading day.
Booking Holdings (BKNG) closed the most recent trading day at $4,233.18, moving +1.52% from the previous trading session.
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Brett Keller, Priceline CEO, joins CNBC's 'The Exchange' to discuss his company working with OpenAI, how AI could change the travel industry, and more.
Booking Holdings (BKNG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.