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Booking Holdings Inc. (BKNG): A Bull Case Theory 

We came across a bullish thesis on Booking Holdings Inc. on Nikhs’s Substack. In this article, we will summarize the bulls’ thesis on BKNG. Booking Holdings Inc.'s share was trading at $4,914.69 as of November 28th. BKNG’s trailing and forward P/E were 31.99 and 18.76 respectively according to Yahoo Finance.

Booking Holdings Inc., together with its subsidiaries, provides online and traditional travel and restaurant reservations and related services in the United States and internationally. BKNG is undergoing a structural transformation the market still values as cyclical...