These Analysts Boost Their Forecasts On Booking Holdings After Upbeat Q2 Results

Booking Holdings Inc. BKNG reported strong second-quarter financial results.

Booking Holdings reported quarterly earnings of $37.62 per share, beating the analyst consensus estimate of $28.80, and quarterly sales of $5.46 billion, beating the analyst consensus estimate of $5.17 billion.

Booking shares gained 7.9% to close at $3,063.16 on Friday and added 0.2% in today’s pre-market trading session.

These analysts made changes to their price targets on Booking following earnings announcement.

• JMP Securities raised the price target on Booking from $3,000 to $3,600. JMP Securities analyst Nicholas Jones maintained an Outperform rating.
• Mizuho boosted the price target on Booking from $3,265 to $3,580. Mizuho analyst James Lee maintained a Buy rating.
• On Friday, Barclays boosted Booking price target from $3,130 to $3,740. Barclays analyst Mario Lu maintained the stock with an Overweight.
• On Friday, Credit Suisse increased Booking price target from $2,950 to $3,325. Credit Suisse analyst Stephen Ju maintained an Outperform rating.
• On Friday, TD Cowen increased Booking price target from $3,325 to $3,600. TD Cowen analyst Kevin Kopelman maintained an Outperform rating.

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