In a report released yesterday, 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 $2085.95.
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 24.7% and a 80.5% success rate. Khan covers the Technology sector, focusing on stocks such as Webcom Group, Wix.com Ltd, and trivago NV.
Currently, the analyst consensus on Booking Holdings Inc is a Moderate Buy with an average price target of $2266.55.
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Booking Holdings Inc’s market cap is currently $100.4B and has a P/E ratio of 41.84. The company has a Price to Book ratio of 9.44.
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