Booking Holdings (BKNG) shares fell 9.32% on February 3, 2026, to close at $4,644.64. The decline followed a broader technology sector rout triggered by Anthropic’s release of a new AI tool designed to automate legal and business tasks. This "SaaSpocalypse" resulted in a combined market value loss of over $285 billion across major software firms.
The stock closed at $4,607.13 on February 4, marking a further 0.81% decline. Shares recovered slightly in after-hours trading, rising 0.50% to $4,629.99.
Mizuho upgraded BKNG to Outperform on February 4 and maintained a $6,000 price target. Analysts at the firm argued that the recent AI-driven market fears are "overblown." Booking Holdings is scheduled to report earnings on February 18, 2026, with a consensus EPS forecast of $47.53, representing a 14.39% increase year-over-year.