Baird last night initiated coverage of Booking Holdings (BKNG) with an Outperform rating and $5,850 price target The firm has a positive view of Booking’s business model, “especially given today’s favorable global travel backdrop.” The company is positioned in international markets, which are less competitive and higher growth, management has a strong track record of executing, and the earnings growth outlook is attractive, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BKNG:
- Booking Holdings initiated with an Outperform at Baird
- OpenAI spoke to Redfin, Eventbrite about search product, The Information says
- Booking Stock (NASDAQ:BKNG) Hits $5000 – Will the Bullish Momentum Continue?
- Booking Holdings price target raised to $5,600 from $4,580 at Tigress Financial
- Booking to implement organizational changes, including workforce reduction