Barclays Remains a Buy on Booking Holdings (BKNG)
In a report released today, Trevor Young from Barclays maintained a Buy rating on Booking Holdings, with a price target of $220.00.
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Young covers the Consumer Cyclical sector, focusing on stocks such as Booking Holdings, Etsy, and Expedia. According to TipRanks, Young has an average return of -1.9% and a 50.00% success rate on recommended stocks.
In addition to Barclays, Booking Holdings also received a Buy from B. Riley Securities’s Naved Khan in a report issued on April 10. However, on April 16, Bernstein maintained a Hold rating on Booking Holdings (NASDAQ: BKNG).
Based on Booking Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.35 billion and a net profit of $1.43 billion. In comparison, last year the company earned a revenue of $5.47 billion and had a net profit of $1.07 billion
Read More on BKNG:
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- Booking Holdings’ OpenTable acquires Canadian reservation platform Libro
- Largest borrow rate increases among liquid names
- Midday Fly By: Goldman reports Q1 beat, Baker Hughes to sell Waygate
- Booking.com reports hack of customer booking data, The Guardian reports
- Booking Holdings price target adjusted to $272 at B. Riley for stock split
