#Stocks expected to skyrocket free

As a result, its trailing 12-month free cash flow is $4.37 billion, or 5.7% of its market cap. That was 58.8% of its total revenue in the quarter. More importantly for investors, Booking Holdings generated free cash flow of $1.59 billion in Q1 2022. The other was to deliver a better payment system for large property managers. One was to add free liability insurance for owners of short-term rentals. Speaking at Cowen's 50th Annual Technology, Media, and Telecom Conference in early June, Fogel said that there were two things BKNG has done to improve its U.S. One area where the company is working to better its situation is in the U.S. And while things have gotten more dicey economically since then, BKNG's long-term prognosis of its various brands remains intact – making it one of the best growth stocks to keep an eye on as macro headwinds ease. 'Despite an uncertain macroeconomic environment, we have seen continued strengthening of global travel trends so far in the second quarter of 2022, and we are preparing for a busy summer travel season ahead.' 'I am pleased to report a record $27 billion in gross bookings in the first quarter, the highest quarterly amount in our company's history,' said Glenn Fogel, CEO of Booking Holdings. And its non-GAAP net income for the three-month period was $161 million, versus its year-ago loss of $215 million. These bookings translated into $2.7 billion in revenue in the quarter, 136% higher than a year earlier.

Together, they were responsible for $27.3 billion of travel services booked by its customers in Q1 2022, 129% higher than the year prior. The holding company has six primary travel and hospitality brands:, Priceline, Agoda,, Kayak and OpenTable. Still, that represents nearly 60% upside potential over the next 12 months and sits well above the average analyst price target of $2,677.67. However, the research firm also lowered its target price on the online travel stock to $3,000 from $3,340, saying inflationary pressures could impact growth estimates. In early June, Truist Securities reiterated its Buy rating for Booking Holdings ( BKNG (opens in new tab), $1,896.24) citing results from its proprietary survey which showed solid demand for summertime travel.

Analysts' consensus recommendation: 1.92 (Buy).

Analysts' ratings: 17 Strong Buy, 6 Buy, 12 Hold, 1 Sell, 0 Strong Sell.