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Evercore ISI Reaffirms Their Buy Rating on Booking Holdings (BKNG)

In a report released yesterday, Mark Mahaney from Evercore ISI maintained a Buy rating on Booking Holdings (BKNGResearch Report), with a price target of $2900.00. The company’s shares closed last Tuesday at $2105.93.

According to TipRanks.com, Mahaney is a top 100 analyst with an average return of 34.6% and a 54.2% success rate. Mahaney covers the Technology sector, focusing on stocks such as Spotify Technology SA, Zillow Group Class A, and Integral Ad Science.

Currently, the analyst consensus on Booking Holdings is a Moderate Buy with an average price target of $2731.41, representing a 23.9% upside. In a report issued on April 19, Citigroup also upgraded the stock to Buy with a $2600.00 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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