Booking Holdings Stock Looks Like a Long-Term Winner in Travel. Here's Why.
Booking Holdings (NASDAQ: BKNG) stock just hit an all-time high, but it might not be too late for investors to jump on board. Strong first-quarter results, fueled by continued enthusiasm around travel after COVID-19 lockdowns, sent shares to a new all-time high in May. Shares have continued to trade around that level since.
While room nights and gross bookings reached new highs, Booking's bottom line hasn't recovered to pre-pandemic levels. It's moving higher -- the 158% year-over-year improvement in operating income is a testament to that -- but it's going to be a while before Booking returns to the mid-30% operating margin it produced before 2020.
When it gets there, though -- and it's on a path to get there -- it will be a much bigger and more profitable company than ever before.
Source Fool.com
travel BV ADR Stock
Our community is currently high on travel BV ADR with 4 Buy predictions and 0 Sell predictions.
Based on the current price of 0.56 € the target price of 3 € shows a potential of 439.57% for travel BV ADR which would more than double the current price.
