Booking Holdings Inc. ( NASDAQ: BKNG ) is a new addition to Evercore ISI's Tactical, Action & Positioning List.
The inclusion of Booking Holdings ( BKNG ) as one of the Tap Outperform stocks comes ahead the company's earnings report due out on August 3.
Analyst Mark Mahaney: "We view the Street's Q2 Bookings and Revenue as modestly conservative. As a result, we believe that BKNG will be one of the few Net stocks with upwards estimates revisions this quarter, and BKNG's valuation is highly attractive at 11x EV/EBITDA (on our reduced estimates)."
Evercore ISI has an Outperform rating on BKNG and price target of $2,600, which reps more than 45% upside potential.
Shares of BKNG rose 3.70% in Monday afternoon trading on a strong day for the travel sector overall.
For further details see:
Booking Holdings called out at Evercore ISI for near-term upside