Alert: Rating Upgrade (10/30/20)-Booking Holdings Inc (NASDAQ: BKNG).


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.

About John Lafferty 122561 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.