Analysts are Increasing Price Targets of These 5 Stocks

1. Booking Holdings Inc. (NASDAQ:BKNG)

Number of Hedge Fund Holders: 92

Barclays lifted its price target for Booking Holdings Inc. (NASDAQ:BKNG) from $2,370 per share to $2,430 per share on Tuesday, November 22. Analyst Mario Lu now expects the global leisure travel industry to grow 12 percent in 2023. Lu revised his estimates following the Q3 earnings.

Earlier this month, Booking Holdings Inc. (NASDAQ:BKNG) posted impressive financial results for the third quarter. The travel technology company’s adjusted earnings climbed 41 percent on a year-over-year basis to $53.03 per share.

Revenue for the quarter also soared 29 percent versus last year to $6.1 billion. Analysts expected Booking Holdings Inc. (NASDAQ:BKNG) to earn $49.99 per share on revenue of $5.92 billion.

Discussing the results, CEO Glenn Fogel said in a statement:

“Despite the rising concern around the macroeconomic environment, we are encouraged by the slight improvement in room night growth we have seen in October and by the level of bookings for travel in early 2023.”

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