Booking Holdings stock target raised to $4,440 at Cantor

On Wednesday, Cantor Fitzgerald analyst Deepak Mathivanan increased the price target on Booking Holdings (NASDAQ:BKNG) stock to $4,440, up from the previous $4,330, while maintaining a Neutral rating. The adjustment follows Booking Holdings’ first-quarter results, which surpassed Wall Street’s gross bookings and EBITDA estimates by 1% and 27%, respectively. According to InvestingPro data, eight analysts have recently revised their earnings estimates upward, with the company maintaining impressive gross profit margins of 86.63%. The company provided guidance for the second quarter of 2025, expecting room night (RN) growth of 4-6% year-over-year, aligning with street estimates, and a bookings increase of 10-12% year-over-year, including a 4 percentage point foreign exchange (FX) benefit.

Booking Holdings observed that through April, demand has remained relatively stable across several markets. Nonetheless, due to potential macroeconomic uncertainties, the company has broadened its full-year 2025 earnings guidance range. It now anticipates top-line growth in the mid-single digits to high-single digits percentage range, excluding FX impacts, with an EBITDA margin expansion of 50 to 100 basis points.

During the earnings call, Booking Holdings noted the emergence of macro uncertainties, particularly in the United States. However, the firm’s diversified business model is expected to provide an advantage in navigating these uncertainties compared to its online travel agency (OTA) peers.

Mathivanan’s commentary highlighted the company’s position amid the current economic landscape. "BKNG’s diversified business should help the company navigate macro relatively better vs OTA peers," he stated. The revised 12-month price target reflects this outlook, adjusted from the prior target in light of the company’s recent performance and future expectations.

In other recent news, Booking Holdings reported its first-quarter 2025 earnings, significantly surpassing Wall Street expectations with an adjusted EPS of $24.81 compared to the forecast of $17.45. The company achieved a revenue of $4.76 billion, exceeding the anticipated $4.59 billion, marking an 8% year-over-year growth. Analysts at JPMorgan, Goldman Sachs, and JMP have responded to these results by raising their price targets for Booking Holdings, with JMP setting the highest target at $5,700. Despite the strong financial performance, the stock experienced a decline in aftermarket trading. Booking Holdings has also adjusted its full-year foreign exchange impact forecast, now anticipating a two-point tailwind. The company is strategically investing in AI technologies to enhance customer experience and maintain its competitive edge. Analysts from JPMorgan and Goldman Sachs have noted the company’s stable travel demand and strategic AI integration as positive indicators for future performance. These developments reflect Booking Holdings’ robust market position and its efforts to leverage technology for growth.

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