In a report released today, Naved Khan from SunTrust Robinson maintained a Buy rating on Booking Holdings Inc (NASDAQ: BKNG), with a price target of $2300. The company’s shares opened today at $1911.
Khan wrote:
“We find Booking Holdings’ shares to be attractively valued compared to our fair value of $2,300. Our target is derived using a five-year DCF, which assumes 10% 5-year pro-forma revenue CAGR, and a long-term EBITDA margin of 44.5%. We also assume a perpetuity growth rate of 3% and a weighted average cost of capital of 10%, consistent with the risk profile of similar large-cap Internet names in our coverage group.”
According to TipRanks.com, Khan is a 5-star analyst with an average return of 24.0% and a 79.8% success rate. Khan covers the Technology sector, focusing on stocks such as Endurance International, Webcom Group, and Wix.com Ltd.
Currently, the analyst consensus on Booking Holdings Inc is a Strong Buy with an average price target of $2309.27, which is a 20.8% upside from current levels. In a report issued on August 5, Oppenheimer also assigned a Buy rating to the stock with a $2500 price target.
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The company has a one-year high of $2228.99 and a one-year low of $1630.56. Currently, Booking Holdings Inc has an average volume of 357.9K.
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Booking Holdings, Inc. is an online travel company, which provides travel and related services. It offers accommodation reservations including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties. The company provides services through Booking.com, priceline.com, agoda.com, KAYAK, rentalcars.com and OpenTable brands.
