Strong Travel Demand Benefits Booking Holdings: Wall Street Pros’ Top Pick
Online travel agency Booking Holdings (BKNG) is well-positioned to benefit from strong travel demand despite a challenging macroeconomic backdrop. According to analyst Ivan Feinseth from Tigress Financial Partners, the company’s artificial intelligence initiatives, including its Connected Trip offering, will contribute to higher bookings by reducing costs and enhancing operating efficiencies. Feinseth expects Booking Holdings to generate a higher return on capital due to its dominant market position, solid execution, strong brand equity, diversified global presence, and technologically advanced platform. With a buy rating on the stock and a price target of $4,285, Feinseth remains optimistic about its long-term prospects.
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