Wall Street Rises, Stays Near Record Highs on Geopolitical Optimism

A man in a suit sitting in a large green chair with a dog, and the text 'Booking.com' below.The stock market rose further on Thursday, staying near record highs as investors remained optimistic about a potential resolution to the fighting in the Middle East.

Overall, S&P 500 grew 0.3% to 7,041, while NASDAQ rose 0.4% to 24,103.

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Here is the ten-year chart of Booking Holdings (BKNG) as of March 10, 2026, when the stock was at $4,372.

Last quarter, Booking Holdings reported strong double-digit growth, with profits up 17% and revenue rising 16%. This was mainly driven by robust global travel demand, with a 16% year-on-year increase in total gross bookings.

Performance remained solid across key markets, particularly in Asia and the United States. Despite these strong results, BKNG shares declined following guidance for slower growth in 2026. Management anticipates gross bookings and revenue to each increase in the low double digits for 2026, with next-quarter growth forecasted at 14% to 16% for both metrics.

Nonetheless, the company continues to prioritize AI-driven innovation, partnering with leading AI companies such as OpenAI, Google, Microsoft and Amazon to further enhance the travel experience for its customers.

The stock is part of the Conservative Growth Portfolio. David Sharek, Founder of School of Hard Stocks, thinks the stock can go from ~$5000 to ~$7000 in 2026.

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