BKNG | 07 June 2024 | AI Stock Analysis & News

Today’s Research Daily features updates on Booking Holdings Inc. (BKNG) stock, with analysts raising price targets and ratings.

Stock AI’s forecasts for BKNG:
🔴 -9.0% short-term ⬇️
🟢 +0.9% long-term ⬆️

Stock AI’s (BKNG) Forecast get (+7.6% Profit)

StockAI’s analysis delivers real-world results. On 02 April 2024, $BKNG ($3535.8), StockAI predicted a long-term 🟢 buy signal. It was accurate: 1 month later price increased to $3802.8 (🟢7.6%). Buying BKNG on this signal yielded a +7.6% profit 💰💰.

BKNG-Booking Holdings Inc. News

🔴 PNC Financial Services Group Inc. reduced its position in Booking Holdings Inc., leading to a decrease in stock demand.
🟢 Booking insider Paulo Pisano sold shares of the firm’s stock, indicating confidence in future performance.
🔴 Wedbush dropped their Q3 2024 earnings per share estimates for Booking, potentially signaling lower profits.
🟢 Evercore ISI raised BKNG’s price target, suggesting positive growth potential.
🟢 KAYAK’s optimistic 2024 Summer Travel Forecast could drive increased bookings and revenue for Booking.
🔴 JMP Securities reiterated their market outperform rating, but with a conservative price target, hinting at limited upside potential.

Booking Holdings Inc. stock has experienced a mix of positive and negative news recently, impacting investor sentiment and price expectations. The reduction in position by PNC Financial Services Group Inc. may have contributed to a slight decrease in demand for BKNG shares, leading to a potential short-term dip in price. However, the sale of shares by insider Paulo Pisano could be interpreted as a vote of confidence in the company’s future performance, possibly offsetting the negative impact. The drop in earnings estimates by Wedbush may have caused some concern among investors, leading to a cautious approach towards the stock. On the other hand, the raised price target by Evercore ISI and the optimistic travel forecast by KAYAK could drive increased bookings and revenue for Booking, potentially lifting the stock price in the long term. Overall, investors should consider the mixed signals and conduct thorough research before making investment decisions in BKNG stock.

BKNG-Booking Holdings Inc. Analyst Ratings

Here are some recent analyst ratings for Booking Holdings Inc. stock:

📈 HSBC analysts raised their price target on Booking Holdings Inc. from $4,220.00 to $4,230.00 and maintained a “buy” rating on the stock.

📉 Wells Fargo & Company lowered their price target on Booking Holdings Inc. from $3,435.00 to $3,494.00 but maintained an equal weight rating on the stock.

📈 Evercore ISI increased their price target on Booking Holdings Inc. from $3,800.00 to $4,500.00 and gave the stock an outperform rating.

1. Benchmark reaffirms hold rating on Booking stock
2. Booking price target raised by Evercore ISI
3. PNC Financial reduces position in Booking Holdings Inc.
4. Congress Wealth Management buys stake in Booking Holdings Inc.
5. Booking price target raised by JPMorgan Chase & Co.


Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.

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