How Ishfaaq Peerally’s view on $BKNG changed

2026-09-24Bullish

“Meta Muse AI crashes Booking Stock”

BKNG is undervalued; AI disintermediation risk is overstated due to complexity, while share repurchases and 15% EPS growth targets support a bull thesis.

Booking Holdings is having one of its best years ever thanks mostly to AI, but also because of the war in Iran. The stock is down by over 20%. But the buyback yield is over 8.5%, and I have taken the opportunity this year to double my position in Booking Holdings.

It is today around 20% of my portfolio, my second-largest holding.

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2026-09-17Bullish

“I'm not worried about interest rates”

BKNG is a strong hold due to profitable customer float management, high coverage ratios, and aggressive share repurchases that benefit from price declines.

And here I'm talking about Wise and Booking Holdings because these companies hold cash for their customers.

Coming to Booking Holdings, this is different, right? Because people pay in advance when they're booking hotels. They get to keep the cash, and then they're going to pay the hotels after the person has checked out.

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