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Analysts Offer Insights on Consumer Cyclical Companies: Booking Holdings (BKNG), DraftKings (DKNG) and Wayfair (W)

There’s a lot to be optimistic about in the Consumer Cyclical sector as 3 analysts just weighed in on Booking Holdings (BKNGResearch Report), DraftKings (DKNGResearch Report) and Wayfair (WResearch Report) with bullish sentiments.

Booking Holdings (BKNG)

In a report released today, Doug Anmuth from J.P. Morgan reiterated a Buy rating on Booking Holdings, with a price target of $4025.00. The company’s shares closed last Thursday at $3472.91.

According to TipRanks.com, Anmuth is a 5-star analyst with an average return of 17.9% and a 59.8% success rate. Anmuth covers the NA sector, focusing on stocks such as Spotify Technology SA, Fiverr International, and Alphabet Class C.

Currently, the analyst consensus on Booking Holdings is a Moderate Buy with an average price target of $3969.44, representing a 15.4% upside. In a report issued on April 24, Jefferies also maintained a Buy rating on the stock with a $4240.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

DraftKings (DKNG)

Morgan Stanley analyst Stephen Grambling maintained a Buy rating on DraftKings today and set a price target of $50.00. The company’s shares closed last Thursday at $43.03.

According to TipRanks.com, Grambling is a 4-star analyst with an average return of 4.4% and a 53.8% success rate. Grambling covers the NA sector, focusing on stocks such as Hilton Worldwide Holdings, Wyndham Hotels & Resorts, and Marriott International.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for DraftKings with a $52.24 average price target, which is a 23.0% upside from current levels. In a report issued on April 19, Barclays also maintained a Buy rating on the stock with a $52.00 price target.

Wayfair (W)

In a report released today, Christopher Horvers from J.P. Morgan maintained a Buy rating on Wayfair, with a price target of $80.00. The company’s shares closed last Thursday at $58.64.

According to TipRanks.com, Horvers is a 5-star analyst with an average return of 7.6% and a 61.8% success rate. Horvers covers the NA sector, focusing on stocks such as Academy Sports and Outdoors, Solo Brands Inc Class A, and Floor & Decor Holdings.

Currently, the analyst consensus on Wayfair is a Moderate Buy with an average price target of $69.54, a 15.9% upside from current levels. In a report issued on April 18, Mizuho Securities also maintained a Buy rating on the stock with a $72.00 price target.

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