BKNG Stock Recent News

While the European Commission has blocked it buyout of ETraveli, Booking.com parent Booking eyes a breakout and will appeal the ruling.

Booking Holdings Inc (NASDAQ:BKNG) has had its $1.8 billion acquisition of Swedish flight booking firm Etraveli blocked by the European Union, which says could cause prices to rise for consumers. According to the EU, the acquisition would increase Booking.com's dominant position in the market.

Sometimes, even blue-chip stocks can generate substantial losses. Disney (NYSE: DIS ), for example, plummeted as consumers ditched cable television.

Booking.com is dominating a promising industry with double-digit growth expectations over the next five years. The company's financial performance over the long term has been stellar, with strong revenue growth and impressive profitability metrics. Booking.com is well-positioned to maintain its dominance in its niche, with low threat levels from competitors, and has a strong balance sheet and liquidity metrics.

BKNG's rally is not over yet, with the global hotel, alternative accommodation, and airline booking trends already nearing pre-covid levels. This has led to the management's raised FQ3'23 guidance, with the consensus estimating impressive top/ bottom line CAGRs through FY2025. With Mr. Market rewarding the stock a premium NTM P/E of 21.09x, we may see BKNG reach new heights at $4.24K, implying an +32.8% upside potential from current levels.

Sports-related travel makes up one-forth of all global tourism, Booking.com's Nuno Guerreiro told Squawk Box Asia.

CNBC's Seema Mody joins 'Squawk on the Street' to report on which stocks to watch as international travel demand surges.

Booking Holdings Inc. (NASDAQ:BKNG ) Goldman Sachs 2023 Communacopia & Technology Conference September 6, 2023 4:05 PM ET Company Participants David Goulden - Chief Financial Officer Conference Call Participants Eric Sheridan - Goldman Sachs Eric Sheridan Okay. I think we're going to get going with the next session here.

The online travel services provider limped into its August 3rd earnings report on a four-day losing streak that had everything to do with broad market weakness. Still, most investors chose to avoid the slumping stock because of its $2,839 price tag.

Even though most gains in the stock market this year were concentrated in the AI and tech sector, it is undeniable that 2023 has so far been a great year for investors who like chasing the hottest stocks. The vast majority of stocks are either in an uptrend or trading sideways right now.