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published in Blogs
Apr 14, 2021
Booking Holdings (BKNG, $2,474.82) shares got a rating upgrade by Jefferies analysts

Booking Holdings (BKNG, $2,474.82) shares got a rating upgrade by Jefferies analysts

Booking Holdings  shares got a rating boost to buy from hold by Jefferies analysts, on optimism about pent-up demand.

Analyst Brent Thill also raised his share price target on the online travel booking  company's shares to $2,800 from $2,300. The analyst mentioned in a research note that there is increasing signs of pent-up demand and consumer interest in travel.

While Thill is wary of pandemic uncertainties and 85-90% of revenues coming from markets where lockdowns are still in place, he is optimistic that these headwinds  will get mitigated by 2H21 as the rest of the world catches up with the U.S. on vaccination levels and global travel springs back.

 

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