UBS Reiterates Buy Rating on Booking Holdings (BKNG)

UBS analyst Stephen Ju reiterated a Buy rating and $5,960.00 price target on Booking Holdings (NASDAQ: BKNG).

The analyst commented, "We hosted a series of meetings with Booking Holdings' CEO Glenn Fogel, CFO Ewout Steenbergen, and the Investor Relations team. Between the various products already inmarket (Connected Trip, alternative accommodations, payments/fintech, to name a few) and the steps that management has taken (Transformation Program) to simultaneously reduce costs and free up capital on offensively-oriented product development, we come away with a higher level of conviction in the longer term “8, 8, 15” growth formula for Gross Bookings, Revenue, and Adj. EPS."

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 $4918.13 yesterday.

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