Evercore ISI reiterates Outperform on Booking Holdings stock

Evercore ISI has reiterated an Outperform rating and a $245.00 price target for Booking Holdings (NASDAQ:BKNG). The firm anticipates an in-line to potentially lower second quarter for the online travel company, though it views current Street estimates for bookings, revenue, and room nights as achievable. Despite potential risks from the Middle East conflict and aggressive third-quarter estimates, Evercore ISI's analysis, supported by InvestingPro data, suggests the company is undervalued and benefits from impressive gross profit margins.