Booking Holdings stock has surged in 2024 with strong Q3 growth and positive forecast.

From Nasdaq: 2024-11-27 23:47:08

Booking Holdings (NASDAQ: BKNG) stock has surged 45% YTD to around $5109 per share, outperforming peers like Expedia. Q3 2024 saw a 9% revenue growth to $8 billion, driven by a 9% increase in gross bookings. Forecasted revenues for FY 2024 are $23.5 billion, with an EPS of $183.29 and a valuation of $5109 per share.

Despite volatility, Booking Holdings has shown strong growth in Q3 2024, with room nights booked up 8%, rental car days up 16%, and airline tickets booked up 39% year-over-year. Adjusted EBITDA rose 12% to $3.7 billion, and EPS increased 16% to $83.89, driven by stock buybacks reducing share count by 6%.

The Trefis High Quality Portfolio has outperformed the S&P 500 consistently, offering better returns with less risk. With uncertainties surrounding macroeconomic factors, including rate cuts and wars, the question remains whether Booking Holdings can sustain its growth or face underperformance in the next 12 months. Check out how Booking Holdings’ peers compare on important metrics.



Read more at Nasdaq: What’s Happening With Booking Holdings’ Stock?