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Investing.com - Cantor Fitzgerald lowered its price target on Booking Holdings (NASDAQ:BKNG) to $5,660 from $5,770 on Wednesday, while maintaining a Neutral rating on the stock. According to InvestingPro data, the company currently trades near its 52-week high of $5,839.41, with a market capitalization of $181.93 billion.
The adjustment follows Booking Holdings’ second-quarter results, which exceeded analyst expectations with room nights, gross bookings, and EBITDA surpassing street estimates by 2%, 1%, and 10%, respectively. The company maintains impressive gross profit margins of 86.63% and boasts a perfect Piotroski Score of 9, indicating strong financial health. Discover more insights with InvestingPro’s comprehensive analysis tools.
For the third quarter of 2025, Booking Holdings provided guidance for bookings, revenues, and room nights largely in line with prior Street forecasts, within a range of plus or minus 50 basis points.
The company revised its full-year 2025 guidance upward to "high single digits year-over-year excluding foreign exchange for revenues/bookings" based on improved trends in the second quarter, with growth led by Europe and Asia while the U.S. market continues to lag.
Cantor Fitzgerald maintained its fiscal year 2026 bookings forecast for Booking Holdings but lowered earnings per share estimates by 1% following the second-quarter results.
In other recent news, Booking Holdings reported impressive financial results for the second quarter of 2025. The company exceeded market expectations with an adjusted earnings per share of $55.40, significantly higher than the projected $50.14. Revenue also surpassed forecasts, reaching $6.8 billion compared to the anticipated $6.54 billion. Following these strong results, Booking Holdings raised its full-year guidance, citing resilient travel trends. JMP Securities maintained its Market Outperform rating on the company, setting a price target of $6,500. This rating reflects confidence in Booking Holdings’ continued performance. The firm’s bookings were approximately 1% above consensus, and EBITDA surpassed estimates by about $220 million. These developments highlight Booking Holdings’ robust position in the market as it continues to deliver strong financial performance.
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