On May 20, BTIG reiterated its Buy rating on Booking Holdings Inc. (NASDAQ:BKNG), keeping the price target at $5,500.

Analyst Jake Fuller from BTIG remains optimistic about the company’s improved trends in the second quarter, driven by increased room nights.BTIG Reiterates Buy Rating on Booking Holdings (BKNG), Expects to Top Q2 Room Nights

An analyst studying charts and graphs in her office, pouring over details of the company's portfolio performance benchmarking.

During Q1 FY2025, Booking Holdings reported room nights surpassing 300 million for the first time in a single quarter. This was a 7% growth from a year ago. The company also noted a 12% growth in alternative accommodation room nights, with listings exceeding 8 million. Fuller expects the company to be on track to top the Q2 room night outlook.

Booking Holdings Inc. expects a 4-6% growth in room nights during Q2, with gross booking growth projected between 10-12% year-over-year. The adjusted EBITDA is expected to be between $2.15 billion and $2.20 billion, indicating a 13-16% rise from a year ago. Fuller cited that the stable travel demand in the U.S., as highlighted during Q1, remains stable and will continue through Q2.

Booking Holdings Inc. (NASDAQ:BKNG) is a prominent provider of travel and restaurant online reservations and related services. The company provides its services through five consumer-facing brands, including Booking.com, Agoda, Priceline, KAYAK, and OpenTable.

While we acknowledge the potential of BKNG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BKNG and that has 100x upside potential, check out our report about this cheapest AI stock.

Read Next: 30 Best Stocks to Buy Now According to Billionaires and 15 Small-Cap Healthcare Stocks Hedge Funds Are Buying.

Disclosure. None.