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Wells Fargo Reaffirms Their Hold Rating on Booking Holdings (BKNG)

Tipranks - Tipranks - Sat Feb 21, 2:28AM CST

Wells Fargo analyst Ken Gawrelski maintained a Hold rating on Booking Holdings yesterday and set a price target of $5,456.00. The company’s shares closed yesterday at $4,007.45.

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Gawrelski covers the Consumer Cyclical sector, focusing on stocks such as Amazon, eBay, and Airbnb. According to TipRanks, Gawrelski has an average return of 7.0% and a 50.86% success rate on recommended stocks.

Currently, the analyst consensus on Booking Holdings is a Moderate Buy with an average price target of $5,924.04, implying a 47.83% upside from current levels. In a report released yesterday, Bernstein also maintained a Hold rating on the stock with a $5,407.00 price target.

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Based on Booking Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $9.01 billion and a net profit of $2.75 billion. In comparison, last year the company earned a revenue of $7.99 billion and had a net profit of $2.52 billion

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