Booking Holdings (BKNG – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Justin Post from Bank of America Securities reiterated a Hold rating on the stock and has a $5,580.00 price target.
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Justin Post has given his Hold rating due to a combination of factors that present both opportunities and risks for Booking Holdings. The company is expected to benefit from favorable foreign exchange movements, which could positively impact its financial performance in the upcoming quarter. However, there are concerns about potential recession risks and a slowdown in international travel, which could limit growth prospects.
Additionally, while Booking Holdings is considered a high-quality stock with less tariff risk compared to its peers, the potential for multiple expansion appears limited. The company’s price-to-earnings ratio is slightly higher than its historical average, which may not support significant valuation increases. Therefore, despite the positive outlook on earnings, the overall sentiment is cautious, leading to a Hold rating.
In another report released on April 17, Morgan Stanley also maintained a Hold rating on the stock with a $4,800.00 price target.