Alert: Positive Investment/Fundamental Signals (12/1/23)-Booking Holdings Inc (NASDAQ: BKNG)


Booking Holdings Inc (NASDAQ: BKNG). Extremely significant positive changes in investment behavior have recently occurred: its shorter term price trend turned up, and positive upside/downside volume developed.

Meaningful positive changes in Booking Holdings Inc (NASDAQ: BKNG) fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

BKNG’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

Booking Holdings has a current Value Trend Rating of A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Booking Holdings has a slightly positive Appreciation Score of 70 and a very high Power Rating of 89, triggering the Highest Value Trend Rating.

Recent Price Action

On 12/1/23, Booking Holdings Inc (NASDAQ: BKNG) stock increased 1.1%, closing at $3159.56. However, this advance was accompanied by below average trading volume at 82% of normal. The stock has risen 0.9% during the last week and has been exceptionally strong relative to the market over the last nine months.

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