BTIG Maintains a Buy Rating on Booking Holdings (BKNG), Raising the PT

Booking Holdings Inc. (NASDAQ:BKNG) is one of the 12 Best Stocks to Buy and Hold for the Long Term. On June 10, BTIG analyst Jake Fuller maintained a Buy rating on Booking Holdings Inc. (NASDAQ:BKNG) while raising the price target from $5,500 to $6,250. The raised price target comes after the company posted a strong fiscal first quarter of 2025 beating market expectations.

The company released its results on April 29. It posted a total revenue of $4.76 billion, up 7.86% year-over-year and ahead of expectations by $171.91 million. The EPS of $24.81 also came in ahead of consensus by $7.24. The growth was driven by an increase in Room Nights and total gross bookings, both indicators grew 7% year-over-year.

Management noted that while the macroeconomic and geo-political environment remains tense Booking Holdings Inc. (NASDAQ:BKNG) has been focusing on delivering long-term value by focusing on strategic partnerships and priorities. One such example of long-term strategic partnership came in on June 12 when the company announced an eight-year extension of its partnership with the Etraveli Group. The extended partnership allows the company to operate seamlessly in 57 countries.

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