In its most recent earnings report, Bookings Holdings company reported adjusted EBITDA fell 10% during the quarter to $718M vs. $713M consensus. Adjusted EBITDA is expected to fall in a range of $1.295B to $1.325B for Q2. Room night sales increased by 10.3% while Car rentals and Flight ticket sales dropped 1.3% and 4.4%. This may be a case of not quite as bad as...
Booking Holdings suffered quite a sell off after earnings in Feb, but has since found investor confidence again rising steadily as expected. We expect a break upward from the current channel to fill the gap before continued gains.
As we can see the same scheme is repeating! They missed on revenues earlier today but I bet it will come back as strong as last year. I would buy this stock at between $1780 and $1800. With a bit of patience, it could lead to huge profit!
$BKNG Booking - Finding support today at the lower limit of the long term bearish channel. Playing for a near term bounce from this area.
Targeting $1850-$1900 range by mid-January.
Note: Informational analysis, not investment advice.