Analyst Kevin Kopelman of TD Cowen maintained a Buy rating on Booking Holdings, boosting the price target to $6,500.00.
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Kevin Kopelman has given his Buy rating due to a combination of factors that highlight Booking Holdings’ strong position in the market. The company benefits from positive airline demand trends, particularly noted by Ryanair, and a favorable foreign exchange environment with the US dollar weakening against the euro. These elements are expected to contribute positively to Booking Holdings’ profitability.
Despite some challenges, such as recent weak hotel data and a tough comparison for the fourth quarter, Kopelman remains optimistic. He emphasizes the company’s cost leverage and market share gains, which are expected to drive margin improvements. The target price for Booking Holdings has been raised to $6,500, reflecting confidence in its ability to outperform expectations.
Kopelman covers the Consumer Cyclical sector, focusing on stocks such as Booking Holdings, Airbnb, and Trip.com Group Sponsored ADR. According to TipRanks, Kopelman has an average return of 8.4% and a 62.33% success rate on recommended stocks.
In another report released on July 16, Barclays also maintained a Buy rating on the stock with a $5,700.00 price target.