Booking Holdings (BKNG)

Hold Recap: Q2 2026

Booking Finally Put a Number on the AI Question, and It Was Reassuring: Downgrading to Hold on Price, Not Thesis

Outperform Recap: Q1 2026

A Five Percent Gap Down, Fully Erased: The Market Decided Booking's Guidance Cut Was Rented, Not Owned

Outperform Recap: Q4 2025

The Guide Everyone Hated Is a $700 Million Investment Decision: Upgrading Booking Holdings to Outperform

Hold Recap: Q3 2025

Every Guided Metric Cleared, and the Stock Went Nowhere: Initiating Booking Holdings at Hold