Latest news with #JakeFuller
Yahoo
18 hours ago
- Business
- Yahoo
BTIG Maintains a Buy Rating on Booking Holdings (BKNG), Raising the PT
Booking Holdings Inc. (NASDAQ:BKNG) is one of the . On June 10, BTIG analyst Jake Fuller maintained a Buy rating on Booking Holdings Inc. (NASDAQ:BKNG) while raising the price target from $5,500 to $6,250. The raised price target comes after the company posted a strong fiscal first quarter of 2025 beating market expectations. The company released its results on April 29. It posted a total revenue of $4.76 billion, up 7.86% year-over-year and ahead of expectations by $171.91 million. The EPS of $24.81 also came in ahead of consensus by $7.24. The growth was driven by an increase in Room Nights and total gross bookings, both indicators grew 7% year-over-year. A fast-paced travel agent making a bookings for a family vacation package. Management noted that while the macroeconomic and geo-political environment remains tense Booking Holdings Inc. (NASDAQ:BKNG) has been focusing on delivering long-term value by focusing on strategic partnerships and priorities. One such example of long-term strategic partnership came in on June 12 when the company announced an eight-year extension of its partnership with the Etraveli Group. The extended partnership allows the company to operate seamlessly in 57 countries. While we acknowledge the potential of BKNG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
21-05-2025
- Business
- Yahoo
BTIG Keeps Buy Rating on Booking Holdings (BKNG), Maintains PT
On May 20, BTIG reiterated its Buy rating on Booking Holdings Inc. (NASDAQ:BKNG), keeping the price target at $5,500. Analyst Jake Fuller from BTIG remains optimistic about the company's improved trends in the second quarter, driven by increased room nights. An analyst studying charts and graphs in her office, pouring over details of the company's portfolio performance benchmarking. During Q1 FY2025, Booking Holdings reported room nights surpassing 300 million for the first time in a single quarter. This was a 7% growth from a year ago. The company also noted a 12% growth in alternative accommodation room nights, with listings exceeding 8 million. Fuller expects the company to be on track to top the Q2 room night outlook. Booking Holdings Inc. expects a 4-6% growth in room nights during Q2, with gross booking growth projected between 10-12% year-over-year. The adjusted EBITDA is expected to be between $2.15 billion and $2.20 billion, indicating a 13-16% rise from a year ago. Fuller cited that the stable travel demand in the U.S., as highlighted during Q1, remains stable and will continue through Q2. Booking Holdings Inc. (NASDAQ:BKNG) is a prominent provider of travel and restaurant online reservations and related services. The company provides its services through five consumer-facing brands, including Agoda, Priceline, KAYAK, and OpenTable. While we acknowledge the potential of BKNG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BKNG and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
09-05-2025
- Business
- Globe and Mail
Expedia shares fall after soft U.S. travel demand leads to revenue miss
Shares of Expedia EXPE-Q fell 7.5 per cent on Friday, after the online travel-booking platform missed Wall Street estimates for quarterly revenue due to weak demand in the United States. Expedia joins its peers as the travel industry braces for a slowdown ahead of the peak summer season, with economic uncertainty – driven by the ongoing tariff war and elevated interest rates – weighing on consumer spending. At the end of April, hotel operator Hilton cut its annual forecast for room revenue growth, and vacation rental company Airbnb said earlier this month that the booking window was shortening, signaling consumer uncertainty and caution in travel spending. 'It's all just a bit more pronounced in the case of Expedia with a bigger U.S. presence than peers,' said BTIG analyst Jake Fuller. The Seattle-based company reported revenue of $2.98-billion for the first quarter, below analysts' expectations of $3.01-billion, according to LSEG compiled data. 'It's clear that U.S. travel has downshifted and to the extent trade/macro uncertainty lingers longer, it is less likely this plays out like the summer 2024 'growth scare',' Barclays analysts wrote in a note. The U.S. travel industry experienced a 'growth scare' last summer, as elevated travel costs and uncertainty surrounding the presidential election dampened demand during what is typically a busy season. Expedia reported an adjusted profit of 40 cents per share for the quarter ended March 31, compared with analysts' estimate of 32 cents. At least 10 brokerages cut their price targets on the stock, bringing the median down to $196, according to data compiled by LSEG. Including session moves, Expedia shares have fallen 16.13 per cent so far this year, compared with a 3.9 per cent fall in the S&P 500 index during the same period.
Yahoo
09-05-2025
- Business
- Yahoo
Expedia shares fall after soft US travel demand leads to revenue miss
(Reuters) -Shares of Expedia fell 9.2% before the bell on Friday, after the online travel-booking platform missed Wall Street estimates for quarterly revenue due to weaker than expected demand in the U.S. Expedia joins its peers as the travel industry braces for a slowdown ahead of the peak summer season, with economic uncertainty — driven by the ongoing tariff war and elevated interest rates — weighing on consumer spending. At the end of April, hotel operator Hilton cut its annual forecast for room revenue growth, and vacation rental company Airbnb said earlier this month that the booking window was shortening, signaling consumer uncertainty and caution in travel spending. "It's all just a bit more pronounced in the case of Expedia with a bigger US presence than peers," said BTIG analyst Jake Fuller. The Seattle-based company reported revenue of $2.98 billion for the first quarter, below analysts' expectations of $3.01 billion, according to LSEG compiled data. "It's clear that US travel has downshifted and to the extent trade/macro uncertainty lingers longer, it is less likely this plays out like the summer 2024 'growth scare'," Barclays analysts wrote in a note. The U.S. travel industry experienced a "growth scare" last summer, as elevated travel costs and uncertainty surrounding the presidential election dampened demand during what is typically a busy season. Expedia reported an adjusted profit of 40 cents per share for the quarter ended March 31, compared with analysts' estimate of 32 cents. At least four brokerages cut their price targets on the stock, bringing the median to $201.33, according to data compiled by LSEG. So far this year, Expedia shares have fallen 9.3%, compared with a 3.7% fall in the S&P 500 index during the same period. Sign in to access your portfolio
Reuters
09-05-2025
- Business
- Reuters
Expedia shares fall after soft US travel demand leads to revenue miss
May 9 (Reuters) - Shares of Expedia (EXPE.O), opens new tab fell 9.2% before the bell on Friday, after the online travel-booking platform missed Wall Street estimates for quarterly revenue due to weaker than expected demand in the U.S. Expedia joins its peers as the travel industry braces for a slowdown ahead of the peak summer season, with economic uncertainty — driven by the ongoing tariff war and elevated interest rates — weighing on consumer spending. At the end of April, hotel operator Hilton (HLT.N), opens new tab cut its annual forecast for room revenue growth, and vacation rental company Airbnb (ABNB.O), opens new tab said earlier this month that the booking window was shortening, signaling consumer uncertainty and caution in travel spending. "It's all just a bit more pronounced in the case of Expedia with a bigger US presence than peers," said BTIG analyst Jake Fuller. The Seattle-based company reported revenue of $2.98 billion for the first quarter, below analysts' expectations of $3.01 billion, according to LSEG compiled data. "It's clear that US travel has downshifted and to the extent trade/macro uncertainty lingers longer, it is less likely this plays out like the summer 2024 'growth scare'," Barclays analysts wrote in a note. The U.S. travel industry experienced a "growth scare" last summer, as elevated travel costs and uncertainty surrounding the presidential election dampened demand during what is typically a busy season. Expedia reported an adjusted profit of 40 cents per share for the quarter ended March 31, compared with analysts' estimate of 32 cents. At least four brokerages cut their price targets on the stock, bringing the median to $201.33, according to data compiled by LSEG. So far this year, Expedia shares have fallen 9.3%, compared with a 3.7% fall in the S&P 500 index during the same period.
