Recent exceptional positive changes in investment behavior have benefitted Booking Holdings Inc (NASDAQ: BKNG): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Recent significant positive changes in fundamentals have benefitted Booking Holdings Inc (NASDAQ: BKNG): significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
BKNG is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Booking Holdings has a current Value Trend Rating of A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Booking Holdings has a slightly positive Appreciation Score of 67 and a very high Power Rating of 90, with the Highest Value Trend Rating the result.
Recent Price Action
Booking Holdings Inc (NASDAQ: BKNG) stock closed at $3409.27 on 1/3/24 after a decline of -2.0%. Moreover, trading volume in this decline was above average at 123% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -3.6% during the last week.
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