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BKNG

Booking Holdings

$1,925.37

-116.79 (-5.72%)

11:11
08/09/18
08/09
11:11
08/09/18
11:11

Booking Holdings needs to show reacceleration of growth, says Benchmark

Benchmark analyst Daniel Kurnos said Booking Holdings posted "solid" Q2 results, but he suspects there was some hope that management would reaccelerate spending to improve its room-night growth trajectory. However, Q3 room-night growth was guided in a 6-9% range and management called out a more balanced approach to marketing. Kurnos, who believes Booking needs to show a meaningful reacceleration of growth near-term or risk a revaluation of the premium valuation of its shares, keeps a Hold rating on the stock.

BKNG Booking Holdings
$1,925.37

-116.79 (-5.72%)

06/22/18
06/22/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Nike (NKE) downgraded to Neutral from Buy at Buckingham with analyst Eric Tracy saying risk/reward is more balanced at current levels and remains positive on Nike's long-term fundamental positioning. 2. Cheesecake Factory (CAKE) downgraded to Hold from Buy at Maxim with analyst Stephen Anderson citing valuation. 3. Horizon Global (HZN) downgraded tow notches to Underperform from Buy at BofA/Merrill with analyst Elizabeth Suzuki saying the company recently terminated its previous plans to acquire Bring Group and withdrew 2018 guidance and the interim CEO is fighting through operational challenges, combined with significant exposure to recently announced tariffs on Chinese goods that adds to earnings uncertainty. 4. Booking Holdings (BKNG) downgraded to Hold from Buy at Benchmark with analyst Daniel Kurnos saying the risk/reward is more balanced at current share levels. 5. Valeant (VRX) downgraded to Hold from Buy at TD Securities. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/17/18
RHCO
07/17/18
NO CHANGE
Target $2300
RHCO
Buy
Booking Holdings Q2 room nights growth may top guidance, says SunTrust
SunTrust analyst Naved Khan kept his Buy rating and $2,300 price target on Booking Holdings ahead of its Q2 results, saying the room nights growth for the quarter is likely to meet or modestly top its prior forecast. Khan notes that the search trends for top vacation destinations in Europe have not been impacted by World Cup, and also expects growth to continue in the second half of 2018 / 2019 on easier comps and healthy underlying macro fundamentals.
07/27/18
DADA
07/27/18
NO CHANGE
Target $160
DADA
Buy
Expedia price target raised to $160 from $140 at DA Davidson
DA Davidson analyst Tom White raised his price target on Expedia to $160 and kept his Buy rating after its "big" Q2 EBITDA beat as a result of a "cool-down" in the ad market. The analyst notes that the quarter saw slowing room night growth to 12% from 15% in Q1, while HomeAway bookings also "slowed somewhat surprisingly" to 33% from 46%, but believes that the industry advertising "detente" with Booking Holdings (BKNG) should allow Expedia to invest in key initiatives that should pay off in 2019.
08/03/18
NEED
08/03/18
UPGRADE
NEED
Hold
TripAdvisor upgraded to Hold from at Needham on non-hotel focus
As reported earlier, Needham analyst Laura Martin upgraded TripAdvisor (TRIP) to Hold from Underperform, saying that while the company's pivot to competing as an online travel agent has failed, its focus to grow its non-hotel businesses is a "higher ROI idea". The analyst is positive on the company's "experience aggregator" platform and its "enormous" traffic of 450M MAUs and 150M monthly unique hotel shoppers. The analyst remains concerned about Google (GOOG) and Booking Holdings (BKNG) and Expedia (EXPE) outspending TripAdvisor on travel accommodation advertising.

TODAY'S FREE FLY STORIES

ACB

Aurora Cannabis

$5.97

0.26 (4.55%)

15:30
12/11/18
12/11
15:30
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15:30
Options
Aurora Cannabis attracts put buyers after big losses in shares »

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TCEHY

Tencent

$0.00

(0.00%)

15:29
12/11/18
12/11
15:29
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15:29
Periodicals
Tencent Music ADS seen to price at midpoint or low end of $13-$15, WSJ says »

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SFTBF

SoftBank

$0.00

(0.00%)

, NVDA

Nvidia

$148.85

-3.13 (-2.06%)

15:28
12/11/18
12/11
15:28
12/11/18
15:28
Periodicals
Softbank planning sale of stake in Nvidia early next year, Bloomberg says »

SoftBank (SFTBF) is…

SFTBF

SoftBank

$0.00

(0.00%)

NVDA

Nvidia

$148.85

-3.13 (-2.06%)

03/08/13
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WDFC

WD-40

$177.75

2.39 (1.36%)

15:23
12/11/18
12/11
15:23
12/11/18
15:23
Hot Stocks
WD-40 raises dividend 13% to 61c per share »

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  • 11

    Dec

CSCO

Cisco

$47.26

0.4 (0.85%)

, INTC

Intel

$47.59

0.38 (0.80%)

15:23
12/11/18
12/11
15:23
12/11/18
15:23
Periodicals
Cisco in talks to acquire optical chip maker Luxtera, Bloomberg reports »

Cisco Systems (CSCO) is…

CSCO

Cisco

$47.26

0.4 (0.85%)

INTC

Intel

$47.59

0.38 (0.80%)

AVGO

Broadcom

$247.98

8.77 (3.67%)

03/08/13
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  • 11

    Dec

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    Dec

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    Jan

HTGC

Hercules Capital

$11.69

0.01 (0.09%)

15:21
12/11/18
12/11
15:21
12/11/18
15:21
Hot Stocks
Hercules announces intention to fully redeem 6.25% notes due 2024 »

Hercules Capital…

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NAO

Nordic American Offshore

$0.41

-0.004 (-0.97%)

15:21
12/11/18
12/11
15:21
12/11/18
15:21
Hot Stocks
Breaking Hot Stocks news story on Nordic American Offshore »

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DLPH

Delphi Technologies

$16.00

0.19 (1.20%)

15:20
12/11/18
12/11
15:20
12/11/18
15:20
Options
Delphi Technologies draws short-term call buying »

Delphi Technologies draws…

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PVTL

Pivotal Software

$17.94

-0.09 (-0.50%)

15:19
12/11/18
12/11
15:19
12/11/18
15:19
Options
Pivotal Software options imply 26.5% move in share price post-earnings, in line with median historical move »

Pre-earnings options…

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    Dec

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    Dec

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
12/11/18
12/11
15:17
12/11/18
15:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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PLX

Protalix

$0.41

-0.0206 (-4.81%)

15:16
12/11/18
12/11
15:16
12/11/18
15:16
Conference/Events
Protalix to host special shareholder meeting »

Special Shareholder…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
12/11/18
12/11
15:16
12/11/18
15:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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TROX

Tronox

$7.18

0.13 (1.84%)

15:10
12/11/18
12/11
15:10
12/11/18
15:10
Options
Bullish option play opened in Tronox Tuesday after calls bought Monday »

Bullish option play…

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15:10
12/11/18
12/11
15:10
12/11/18
15:10
General news
Canada Capacity Utilization Preview »

Canada Capacity…

15:10
12/11/18
12/11
15:10
12/11/18
15:10
General news
Treasury Closing Summary: »

Treasury Closing Summary:…

15:05
12/11/18
12/11
15:05
12/11/18
15:05
General news
FOMC Forecast revisions »

FOMC Forecast revisions…

ARWR

Arrowhead

$13.81

0.15 (1.10%)

15:04
12/11/18
12/11
15:04
12/11/18
15:04
Options
Arrowhead options imply 10.5% move in share price post-earnings, above median historical move »

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  • 11

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LMT

Lockheed Martin

$293.81

-4.73 (-1.58%)

15:03
12/11/18
12/11
15:03
12/11/18
15:03
Hot Stocks
Lockheed Martin built GPS III satellite encapsulated for December 18 launch »

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SLB

Schlumberger

$41.37

-0.59 (-1.41%)

15:00
12/11/18
12/11
15:00
12/11/18
15:00
Options
Vote of confidence in Schlumberger as shares fall to 52-week lows »

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  • 18

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LOB

Live Oak Bancshares

$14.35

-2.3 (-13.81%)

14:56
12/11/18
12/11
14:56
12/11/18
14:56
Downgrade
Live Oak Bancshares rating change  »

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CORT

Corcept Therapeutics

$15.29

2.31 (17.80%)

14:51
12/11/18
12/11
14:51
12/11/18
14:51
Hot Stocks
Corcept strength attributed to patent issuance »

A spike in shares of…

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VVV

Valvoline

$20.48

0.33 (1.64%)

14:50
12/11/18
12/11
14:50
12/11/18
14:50
Conference/Events
Valvoline management to meet with Wolfe Research »

Group luncheon to be held…

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  • 12

    Dec

VGK

The Vanguard FTSE Europe ETF

$49.43

0.195 (0.40%)

14:50
12/11/18
12/11
14:50
12/11/18
14:50
Options
Put buyer in Vanguard FTSE Europe ETF opens a defensive position »

Put buyer in Vanguard…

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AEO

American Eagle

$18.95

-0.57 (-2.92%)

14:49
12/11/18
12/11
14:49
12/11/18
14:49
Options
American Eagle options imply 17.7% move in share price post-earnings, above median historical move »

Pre-earnings options…

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  • 11

    Dec

14:47
12/11/18
12/11
14:47
12/11/18
14:47
Hot Stocks
Breaking Hot Stocks news story  »

Hercules Technology…

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