This is of the best-positioned stocks to weather a slowdown in travel demand heading into 2023, this top tech analyst says
Evercore ISI's Mark Mahaney views Booking Holdings as one of the best-positioned stocks to weather a slowdown in travel demand heading into 2023. Despite tumbling 14% this year, Booking offers value to its shareholders and a "battle-tested management" team, Mahaney told CNBC's "Closing Bell" on Thursday.
" Wall Street is preparing for a slowdown in travel over the coming months following a record-breaking summer stemming from pent-up demand during the pandemic. Despite this backdrop, Mahaney views many travel businesses more favorably than other digital companies that benefitted from Covid-19 tailwinds and must now cut costs amid a weakening macro environment.
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