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Booking Holdings (BKNG) Has a New Rating from Deutsche Bank

In a report issued on March 11, Lee Horowitz from Deutsche Bank initiated coverage with a Buy rating on Booking Holdings (BKNGResearch Report) and a price target of $2512.00. The company’s shares closed last Friday at $2017.40.

According to TipRanks.com, Horowitz is ranked #263 out of 7784 analysts.

Currently, the analyst consensus on Booking Holdings is a Moderate Buy with an average price target of $2722.19, a 32.0% upside from current levels. In a report issued on February 24, JMP Securities also reiterated a Buy rating on the stock with a $2750.00 price target.

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Based on Booking Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.98 billion and net profit of $618 million. In comparison, last year the company earned revenue of $1.24 billion and had a GAAP net loss of $165 million.

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Founded in 1997 and based in Connecticut, Booking Holdings, Inc. provides an online platform for making travel and restaurant reservations. The company offers its services through the following brands: Booking.com, KAYAK, Priceline, Agoda, Rentalcars.com, and OpenTable.

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