From Nasdaq: 2024-11-15 09:54:00

Booking Holdings’ stock (BKNG) has gained 40% YTD, outperforming the Retail-Wholesale sector and peers like Alibaba, BigCommerce, and Beyond, Inc. Revenues for nine months ended Sept. 30, 2024, increased by 10.17% to $18.26 billion due to strategic initiatives. The platform’s alternative accommodation listings also grew by 10% YOY.

Agoda, a Booking Holdings brand, partnered with Amadeus to offer flight deals and targeted airline content. The strategic alliance aims to drive customer engagement in Thailand and expand to other Asian regions. AI integration in BKNG’s platforms enhances customer experience and operational efficiency, benefiting investors.

BKNG offers strong guidance for Q4 2024 with room night growth expected at 6-8% and revenue growth at 7-9%. Gross bookings and adjusted EBITDA are also expected to grow. Estimates for BKNG show favorable earnings and revenue growth for Q4 2024 and full-year 2024. The company’s earnings have consistently beaten estimates, with an average surprise of 16.75%.

Although BKNG’s shares are currently overvalued, the company’s expanding clientele and AI integration bode well for investors. With a Zacks Rank #2 (Buy), BKNG may be worth considering for investment. The solar industry is poised to grow as tech companies transition to clean energy. Trillions will be invested, with solar expected to dominate. Discover Zacks’ top solar stock recommendation for free.



Read more at Nasdaq: Booking Holdings Shares Rise 40% YTD: Is it the Right Time to Jump In?