Booking's Q3 Print Shows Rebound Potential if Macro Stabilizes, BofA Securities Says

11:13 AM EST, 11/04/2026 (MT Newswires) -- Booking's (BKNG) Q3 print showed rebound potential if macro stabilizes, though room nights growth outlook for Q4 "disappointed" on further Middle East and Europe disruption, BofA Securities said in a note Wednesday. Citing macro pressures, the investment firm lowered its Q4 bookings estimate by 0.5% to $44.8 billion, revenue by 2.5% to $6.5 billion and earnings per share by 4% to $2.11. With the company describing early H1 2027 forward bookings as healthy and comparisons getting easier in March, BofA said it expects nights growth to accelerate to 7% by Q2. The firm raised its 2027 bookings and revenue estimates, but lowered its expectations for adjusted EBITDA by 1% to $11.74 billion and EPS to $12.16 from $12.23 on higher technology spend. BofA lowered its price target to $219 from $232, and maintained its buy rating. Shares of Booking were up 10.5% in Wednesday trading. Price: 171.97, Change: +16.30, Percent Change: +10.47