Stock Rating Upgrade
Of late the Value Trend Rating for Booking Holdings Inc (NASDAQ: BKNG) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Booking Holdings Inc (NASDAQ: BKNG) stock declined modestly by -0.5% on 10/30/20. The stock closed at $1622.50. NORMAL trading volume accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -9.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, BKNG is expected to continue to be a major Value Builder.
Booking Holdings has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Booking Holdings has a neutral Appreciation Score of 54 and a neutral Power Rating of 57, producing the Positive Value Trend Rating.