UPDATE: Jefferies Upgrades Booking Holdings (BKNG) to Buy 'as Travel Rebounds in 2H21'

April 13, 2021 6:45 AM EDT
Get Alerts BKNG Hot Sheet
Price: $2,282.48 +3.41%

Rating Summary:
    24 Buy, 26 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 4 | New: 24
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(Updated - April 13, 2021 6:58 AM EDT)

Jefferies analyst Brent Thill upgraded Booking Holdings (NASDAQ: BKNG) from Hold to Buy with a price target of $2,800.00 (from $2,300.00).

The analyst comments "We are upgrading BKNG to Buy and raising PT to $2,800. We like the story fundamentally and turn more positive as we see: 1) a meaningful inflection in global travel after a tough year; 2) bookings and revenue growth reaccelerating; 3) margins rebounding from pandemic levels (with potential upside from cost-cutting initiatives); and 4) relatively cheap stock that has underperformed other travel names, trading at ~15.5x cons '23 EBITDA against 2021-23 CAGR of 59%."

For an analyst ratings summary and ratings history on Booking Holdings click here. For more ratings news on Booking Holdings click here.

Shares of Booking Holdings closed at $2409.05 yesterday.

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