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Why Booking Holdings (BKNG) is a Top Momentum Stock for the Long-Term

Zacks Equity Research
·2-min read

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

Is This 1 Momentum Stock a Screaming Buy Right Now?

For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

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Booking Holdings (BKNG)

Norwalk, CT-based Booking Holdings Inc. is one of the largest online travel companies in the world. The company’s travel-related offerings cover hotel rooms, airline tickets, rental cars, vacation packages, cruises, “things to do” at customer destinations and travel insurance.

BKNG sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of B, and has a VGM Score of A. The stock is down 0.8% and up 4.6% over the past one-week and four-week period, respectively, and Booking Holdings has gained 40.9% in the last one-year period as well. Additionally, an average of 226,788.95 shares were traded over the last 20 trading sessions.

A company's earnings performance is important for momentum investors as well. For fiscal 2024, 12 analysts revised their earnings estimate higher in the last 60 days for BKNG, while the Zacks Consensus Estimate has increased $2.68 to $178.54 per share. BKNG also boasts an average earnings surprise of 22.5%.

BKNG should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.

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Booking Holdings Inc. (BKNG) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research