BKNG - Where Will Booking Holdings Stock Be in 1 Year?
2023-11-30 09:42:19 ET
The recent narrative surrounding the travel industry hasn't exactly been bullish. The so-called swell of "revenge travel" stemming from COVID-19 pandemic lockdowns has reportedly run its course. The inflation-hampered economy isn't helping, either.
It's curious, however. A closer look at actual travel trend data suggests people are still traveling as much as they've been since the pandemic wound down. Travel agents are as busy as they've ever been as well, with the results to prove it. Even shares of online travel agents are holding up when they seemingly shouldn't be.
Take Booking Holdings (NASDAQ: BKNG) as an example. The stock's knocking on the door of yet another record high following the release of its rock-solid third-quarter report. Maybe these companies are worth owning despite the naysaying. Maybe Booking Holdings stock's persistent bullishness is a hint that the foreseeable future looks brighter for its travel arrangement business.
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Where Will Booking Holdings Stock Be in 1 Year?