BTIG Raises PT for Booking Holdings (BKNG), Keeps Buy Rating

Booking Holdings Inc. (NASDAQ:BKNG) is one of the 13 Best Large Cap Stocks to Buy Right Now. On June 10, BTIG analysts raised the price target on Booking Holdings Inc. (NASDAQ:BKNG) from $5,500 to $6,250 and kept a “Buy” rating.

This optimistic outlook is based on several factors, including a steady rise in reservation volumes and the expectation that Booking Holdings Inc. (NASDAQ:BKNG) will beat its second-quarter guidance.

BTIG’s analysis indicates that reservation volumes in June have been growing at the fastest pace since late last year. This trend is expected to help Booking Holdings Inc. (NASDAQ:BKNG) exceed its guidance for the second quarter.

As a result, the research firm increased its estimates for room night growth by 2 percentage points for the second quarter and by 1 percentage point for 2025.

This adjustment also led to BTIG raising its earnings per share (EPS) forecast for Booking Holdings Inc. (NASDAQ:BKNG). The firm now projects an EPS of $220 for 2025 and an EPS of $252 for 2026.

Booking Holdings Inc. (NASDAQ:BKNG) is a leading global travel technology company that provides online travel and related services.

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Disclosure: None. This article is originally published at Insider Monkey.