Booking Holdings Best Positioned in Travel Sector, Says Piper Sandler After Executive Meetings

Booking Holdings Inc. (NASDAQ:BKNG) ranks among the best consumer discretionary stocks to buy now. With a price target of $5,077, Piper Sandler reaffirmed its Neutral rating on Booking Holdings Inc. (NASDAQ:BKNG) on June 18 following recent management meetings with company executives.

As a means to explore different facets of the company’s operations and strategy, the investment firm’s analyst team met with Grace Lee, SVP of Investor Relations and FP&A at Booking Holdings Inc. (NASDAQ:BKNG), and Mike Reilly, Senior Director of IR and FP&A. The expansion of alternative accommodations, the macroeconomic climate, artificial intelligence projects, marketing effectiveness, and the competitive landscape in the internet travel industry were among the main subjects discussed during these talks.

Although Piper Sandler remained neutral regarding the larger online travel sector, it did concede that Booking Holdings Inc. (NASDAQ:BKNG) “remains best positioned given end market exposure and solid execution” in comparison to its competitors.

Booking Holdings Inc. (NASDAQ:BKNG) offers traditional and online reservations for restaurants and travel, as well as associated services in the US, the Netherlands, and other countries.

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