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Benzinga

Business

Anusuya Lahiri

Planning A Trip? Experts Say Travel Demand Is Booming As Booking.com Crushes Expectations

EXPE Booking Bookingcom Deepak Mathivanan Jake Fuller United States BKNG Booking Holdings BTIG Cantor Fitzgerald

December,24,,2019,,Brazil.,Booking.com,Application,Icon,On,Apple,Iphone

Booking Holdings Inc (NASDAQ:BKNG) delivered a stronger-than-expected third quarter, as travel demand strengthened across regions. Analysts said the company's fourth-quarter outlook signals continued momentum despite tough year-over-year comparisons.

Cantor Fitzgerald analyst Deepak Mathivanan maintained a Neutral rating on Booking.com (as it is referred to) and reduced the price target from $5,590 to $5,550.

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