Benchmark raised the firm’s price target on Booking Holdings (BKNG) to $5,000 from $4,700 and keeps a Buy rating on the shares as the company “kept up the recent run of strong travel results” with a “solid” Q3 print and Q4 guidance. Lodging room-night growth accelerated despite the toughest comparison of the year, with Europe cited as the geography most responsible for the beat, and management “continued to keep up the aggressive alternative accommodation narrative,” the analyst tells investors in a post-earnings note.
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Read More on BKNG:
- Booking Holdings price target raised to $4,900 from $3,560 at Piper Sandler
- Booking Holdings price target raised to $4,850 from $4,448 at BofA
- Booking Holdings price target raised to $5,100 from $4,500 at Barclays
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