Forecast Of The Day: Booking Holdings’ Agency Gross Bookings

+1.15%
Upside
3633
Market
3675
Trefis
BKNG: Booking Holdings logo
BKNG
Booking Holdings

What?

Trefis expects Booking Holdings’ (NASDAQ:BKNG) Agency Gross Bookings – which are bookings derived from travel-related transactions where the company does not facilitate payments for the services provided – to rise from $24.5 billion in 2020 to $33 billion in 2021 and to over $50 billion in 2022.

Why?

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While the metric declined sharply in 2020, due to the Covid-19 lockdowns, we expect it to pick up from 2021 onwards as vaccination rates improve and as travel restrictions are eased.

So What?

We think the ongoing recovery isn’t fully priced into Booking stock just yet. We value Booking Holdings at about $2,450 per share, marking an upside of 15% over the current market price.

See Our Complete Analysis For Booking Holdings

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