Booking Holdings Inc. (NASDAQ: BKNG) is approaching its quarterly earnings release scheduled for April 29, 2025, with an expected earnings per share (EPS) of $17.38. Despite a broad selloff in the travel sector, BKNG's stock remains near all-time highs and trades above a historically elevated 20 times forward earnings, diverging notably from peers such as Delta Air Lines (DAL) and Norwegian Cruise Line Holdings (NCLH), which have experienced significant declines. This divergence has prompted some market observers to identify a potential pair trade opportunity, particularly given that NCLH appears undervalued. Bank of America recently raised its price target for BKNG slightly to $5,580 from $5,540, maintaining a neutral rating. The bank highlighted Booking as a high-quality stock with less exposure to tariff risks compared to its peers and anticipated positive estimate revisions, although it noted that foreign exchange benefits should not come as a surprise. Meanwhile, Evercore ISI reiterated an 'In Line' rating on Airbnb Inc. (ABNB), maintaining a price target of $165 amid concerns of softening travel demand.