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D.A. Davidson upgrade drives Booking Holdings’ share price 5% higher
Summary
Booking Holdings Inc.’s shares reached US$3,002.38 following an upgrade from 'neutral' to 'buy' by D.A. Davidson analysts. The stock price rose by 5% on November 6, 2023, marking the most significant price increase since early August this year.
Led by Tom White, D.A. Davidson analysts took the decision to upgrade based on the recent BKNG stock retracement. Alongside that, the company's strong Q3 performance and optimistic 2024 revenue projection also led to the upgrade.
As per Refinitiv data, BKNG has a mean recommendation rating of 2.3 on five. Here, one represents a ‘strong buy’ rating and five depicts a ‘strong sell’ rating.
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