Citizens analyst Matthew Condon downgraded Booking Holdings (BKNG) from "Market Outperform" to "Market Perform," citing growing market concerns that AI could disrupt online travel business models.
- KeyBanc analyst Sergio Segura countered the downgrade, arguing that the risks of AI disruption are exaggerated and that travel platforms possess greater resilience than recognized.
- The stock has recently struggled, declining 13.5% year-to-date and 9.9% over the past seven days.
- Despite the recent performance, the analyst consensus remains constructive, suggesting 19% upside with a median price target of $5,299.20.