Argus, an equity research firm, upgraded Booking Holdings (NASDAQ:BKNG) to a "strong-buy" rating. This move positions Argus above the broader consensus, which holds a "Moderate Buy" rating and an average price target of $6,156.48.
The upgrade follows Booking's quarterly earnings report released on October 28th. The company exceeded analyst expectations, reporting $99.50 earnings per share. Revenues reached $9.01 billion.
This revenue figure marks a 12.7% increase compared to the same quarter in the prior year. No specific market reaction analysis was available linking the Argus upgrade directly to stock performance.