--- title: "BUZZ-Bernstein cuts online travel agencies' PT as AI concerns loom" type: "News" locale: "en" url: "https://longbridge.com/en/news/278713599.md" datetime: "2026-03-11T11:40:35.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278713599.md) - [en](https://longbridge.com/en/news/278713599.md) - [zh-HK](https://longbridge.com/zh-HK/news/278713599.md) --- # BUZZ-Bernstein cuts online travel agencies' PT as AI concerns loom Bernstein cuts price target on online travel agencies (OTAs) Booking Holdings (BKNG.O) and Expedia (EXPE.O) Brokerage notes OTAs ended 2025 strongly, beating revenue and profit expectations and growing their market share across the year Says, however, worries about how AI might change the way people search for and book travel have weighed on their share prices Bernstein notes while AI remains a meaningful risk, OTA shares are now approaching ‘AI disruption’ scenario floors; combined with strong earnings momentum, the risk-reward profile appears more balanced As of last close, both BKNG and EXPE were down more than 18% YTD Company New PT Old PT Booking Holdings $4698 $5407 Expedia $253 $256 ### Related Stocks - [AWAY.US](https://longbridge.com/en/quote/AWAY.US.md) - [BKNG.US](https://longbridge.com/en/quote/BKNG.US.md) - [BKNU.US](https://longbridge.com/en/quote/BKNU.US.md) - [EXPE.US](https://longbridge.com/en/quote/EXPE.US.md) ## Related News & Research - [2 Undervalued AI Stocks That Could Skyrocket Soon](https://longbridge.com/en/news/282991032.md) - [08:07 ETAs AI Governance Demands Intensify, AIQA Global Launches First Independent Rating System](https://longbridge.com/en/news/282996659.md) - [AI adoption in Singapore hits 64%, only 18% reach advanced stage: HubSpot](https://longbridge.com/en/news/282779040.md) - [This AI Stock Might Be the Biggest Winner in 2026, And It Is Not Nvidia](https://longbridge.com/en/news/282703600.md) - [SPAC AI Strategy files for a $100 million IPO, targeting AI and digital technologies](https://longbridge.com/en/news/282887804.md)