2024-03-27 17:59:35 ET
Summary
- Booking's stock performance has been flat this year, and its future potential from the 2024 summer travel season is already priced in.
- The stock is trading at a robust 21x FY24 P/E ratio.
- While Booking has initiated its first dividend, it does not make up for the fair valuation and slowing growth.
- The company is also facing a number of legal squabbles at the moment, including with the government of Spain which has fined the company $530 million.
With markets hovering near all-time highs, it’s a great time for investors to review their portfolios and make some rebalancing decisions, especially as jitteriness over the pace of interest rate cuts persist....
Read the full article on Seeking Alpha
For further details see:
Booking: Despite New Dividend, Upside Remains Limited