Booking Holdings Shares Surpass Analyst Target Price in Trading
In recent trading, shares of Booking Holdings Inc (Symbol: BKNG) have surpassed the average analyst 12-month target price of $5,528.86, currently trading at $5,538.91 per share. When a stock meets its target, analysts typically have two options: downgrade the valuation or raise their target price. Reactions may also depend on positive fundamental developments within the company.
There are 36 analyst targets within Zacks’ coverage contributing to the average for Booking Holdings Inc. While the average target is $5,528.86, individual forecasts vary; one analyst sets a lower target of $4,440.00, while another aims as high as $6,255.00, with a standard deviation of $506.18.
The average price target reflects a collective analyst sentiment rather than an individual opinion. With BKNG trading above this average, investors are prompted to evaluate whether the price of $5,528.86 is a stepping stone to higher valuations or if the stock has become overvalued. Below is the current breakdown of analyst ratings for Booking Holdings Inc:
| Recent BKNG Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 21 | 21 | 21 | 22 |
| Buy ratings: | 2 | 2 | 2 | 2 |
| Hold ratings: | 13 | 13 | 14 | 13 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.78 | 1.78 | 1.81 | 1.76 |
The average rating ranges from 1 to 5, where 1 is Strong Buy and 5 is Strong Sell. This data is sourced from Zacks Investment Research via Quandl.com.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
