Booking Holdings Inc. ($BKNG) Stock Forecast: Up 5.1% Today

What is Booking Holdings Inc.?

Booking Holdings (BKNG) is a leading online travel agency specializing in hotel reservations, airline tickets, car rentals, and vacation packages, operating in a competitive industry.

Why is Booking Holdings Inc. going up?

BKNG stock is up 5.1% on Oct 31, 2024 19:48

• BKNG stock showed a strong upward trend today.
• Positive Q3 earnings performance and a strong future outlook from Booking Holdings influenced the market's upward movement.
• Factors such as increased merchant revenues, robust gross bookings, and surpassing earnings and revenue expectations have boosted investor confidence in BKNG.
• The market is responding favorably to the sustained growth in gross bookings, hotel room nights sold, and airline ticket units sold, suggesting a promising future for Booking Holdings.

BKNG Price Chart

BKNG Technical Analysis

BKNG News

Can BKNG's Solid Q3 Beat and Robust View Push the Stock Higher?

Booking Holdings' third-quarter 2024 performance benefits from higher merchant revenues and strong gross bookings.

https://www.zacks.com/stock/news/2362069/can-bkngs-solid-q3-beat-and-robust-view-push-the-stock-higher

Booking Holdings ( BKNG ) Beats Q3 Earnings and Revenue Estimates

Booking Holdings (BKNG) delivered earnings and revenue surprises of 7.63% and 4.76%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2361036/booking-holdings-bkng-beats-q3-earnings-and-revenue-estimates

Booking Holdings to Report Q3 Earnings: What's in the Cards?

BKNG's third-quarter 2024 results are likely to reflect continued momentum in gross bookings, hotel room nights sold and airline ticket units sold.

https://www.zacks.com/stock/news/2358746/booking-holdings-to-report-q3-earnings-whats-in-the-cards

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Booking Holdings Inc. Price History

31.09.2024 - BKNG Stock was up 7.8%

• BKNG stock experienced a strong bullish movement today.
• The company reported better-than-expected Q3 earnings and revenue, surpassing estimates by 7.63% and 4.76% respectively.
• The positive results were driven by continued momentum in gross bookings, hotel room nights sold, and airline ticket units sold, indicating strong performance across its core business segments.
• Investors likely reacted positively to the robust financial performance and optimistic outlook for Booking Holdings, leading to the bullish market movement.

31.09.2024 - BKNG Stock was up 5.1%

• BKNG stock showed a strong upward trend today.
• Positive Q3 earnings performance and a strong future outlook from Booking Holdings influenced the market's upward movement.
• Factors such as increased merchant revenues, robust gross bookings, and surpassing earnings and revenue expectations have boosted investor confidence in BKNG.
• The market is responding favorably to the sustained growth in gross bookings, hotel room nights sold, and airline ticket units sold, suggesting a promising future for Booking Holdings.

03.04.2024 - BKNG Stock was up 5.0%

• BKNG had a strong bullish movement today, surpassing Q1 expectations and outshining competitor EXPE.
• The company's winning formula, including strong financial metrics and competitive strengths, contributed to its positive performance.
• EXPE's guidance cut triggered a downgrade and price target cuts, further highlighting BKNG's advancement in the market.
• Positive comments from Jim Cramer regarding BKNG in comparison to other stocks also added to the bullish sentiment surrounding the company.

12.05.2024 - BKNG Stock was up 2.4%

• BKNG's surge could be linked to the positive sentiment in the travel industry, driven by a surge in summer vacation bookings and boosted profit forecasts for global airlines.
• Discussions on overlooked S&P 500 stocks and the role of cash flow in stock assessment may have influenced investors to recognize the value potential in BKNG.
• As the market reaches record highs, investors may be seeking solid companies like BKNG with growth potential at an attractive price.
• The upcoming ex-dividend date for BKNG likely caught the attention of dividend-oriented investors, further fueling the stock's upward momentum.

23.01.2024 - BKNG Stock was down 10.5%

• Strong Q4 earnings were reported by Booking Holdings, exceeding analyst expectations for both earnings and sales.
• Profit-taking by investors caused a significant decline in BKNG shares, despite the positive earnings report.
• The market sentiment of profit-taking and a slight pullback in the Nasdaq index were contributing factors to the downward movement in Booking Holdings' stock.
• The response to the earnings report and profit-taking actions led to a bearish trend for BKNG, overshadowing the company's strong growth and future initiatives.

23.01.2024 - BKNG Stock was down 10.0%

• Strong quarterly earnings were reported by Booking Holdings, with beats on earnings and sales estimates, as well as the initiation of a quarterly cash dividend. Despite this, the stock saw a bearish movement, potentially due to profit-taking by investors.
• Concerns were raised as the company provided a modest forecast on the normalization of US travel demand, impacting market sentiment negatively.
• Market sentiment, including the Nasdaq's retracement and the US dollar's strength, contributed to a broader sell-off in tech stocks like Booking Holdings.
• The CEO's optimistic view on travel's future and the company's performance was muted by short-term market fluctuations and worries regarding travel demand normalization.

03.04.2024 - BKNG Stock was up 7.1%

• Today, BKNG experienced a strong bullish movement for the following reasons:
• The company reported a significant increase in earnings, surpassing analyst expectations by 45.02% with earnings per share of $20.39 for the first quarter of 2024.
• The CEO discussed the company's quarterly earnings results, positive travel demand outlook, and the impact of new airline refund rules, all of which contributed to investor confidence.
• The strong performance of Booking Holdings contrasted with a rival's more mixed quarterly results, further boosting BKNG's stock price.
• The growth in travel demand showcased in the company's Q1 earnings indicates a positive trend for BKNG, reflecting consumer confidence in the travel industry and driving the bullish movement in its stock.

01.06.2024 - BKNG Stock was down 1.8%

• The bearish movement in BKNG stock could be due to profit-taking by investors after a period of strong performance.
• The consumer sentiment index falling and the pressure on consumers due to rising inflation and unemployment rates may have impacted the travel industry, leading to a sell-off in BKNG stock.
• The focus on consumer stocks may have diverted attention away from travel-related stocks like BKNG, causing a decline in the stock price.
• The stock split announcement by Chipotle (CMG) may have drawn investor interest away from BKNG, contributing to the bearish movement in the stock.

01.06.2024 - BKNG Stock was down 1.8%

• BKNG experienced a notable bearish movement, possibly influenced by the negative sentiment towards tech companies like Meta (Facebook) facing potential fines in the EU for digital rule violations. This situation raised concerns about regulatory scrutiny in the tech sector.
• Despite recent positive updates like the enhancement to KAYAK for Business benefiting small and medium-sized business travelers, BKNG's stock may have been affected by the general market sentiment towards growth stocks.
• The small increase in BKNG's stock price in the prior trading session was potentially overshadowed by broader market trends, leading to the bearish movement today.
• While remaining a key player in the online travel industry, investors might exercise caution due to regulatory uncertainties regarding tech giants and the volatility in growth stocks.

05.07.2024 - BKNG Stock was up 5.3%

• Booking Holdings (BKNG) saw a strong upward trend today, possibly influenced by the following factors:
• CEO Glenn Fogel's emphasis on utilizing AI chatbots to enhance customer service and tackle travel challenges might have resonated well with investors, demonstrating the company's dedication to innovation and customer satisfaction.
• Despite recent challenges such as regulatory shifts and market competition, Booking Holding's ability to surpass earnings and revenue projections for Q2 showcases its ability to adapt and persevere in the changing travel sector.
• The generally positive outlook on travel-related stocks, driven by the "revenge travel" phenomenon and increased spending in the travel industry, could have bolstered investor confidence in Booking Holdings' potential for future growth.

02.07.2024 - BKNG Stock was down 7.7%

• Today, Booking Holdings faced significant bearish movement due to a weak Q3 outlook, resulting in a decline in its stock price.
• Despite a positive Q2 earnings report, worries about slower bookings growth led to a reduction in the company's shares target by JPMorgan, contributing to the downward trend.
• The CEO's positive outlook on the company's overall performance was overshadowed by market reaction to the mixed Q2 results and lowered stock target.
• Even though the CEO discussed the impact of AI on the travel industry and the company's long-term growth outlook, it might not have been enough to alleviate investor concerns about future performance, contributing to the bearish market movement.

02.07.2024 - BKNG Stock was down 10.0%

• Despite reporting strong Q2 earnings and revenues, Booking Holdings experienced a bearish movement due to a weak Q3 outlook.
• The company's stock target was cut by analysts, citing mixed Q2 results and slower bookings growth as reasons for the adjustment.
• Investors may have reacted negatively to the lowered target and weaker future outlook, leading to the bearish market movement in BKNG today.
• The overall sentiment seems to be impacted by concerns about future growth prospects and booking trends, overshadowing the positive Q2 performance.