Argus analyst John Staszak keeps a Buy rating with $2,800 price target on Booking Holdings while raising the firm’s 2023 EPS estimate to $142 from $140 the 2024 estimate to $170 from $168 per share. As the travel industry "continues to recover", Argus states that it has a favorable view of online travel companies, particularly of Booking Holdings, given its focus on Europe, where it generates most of its gross profit. The firm added that the company also scores above average on key tests such as debt levels, cash balances, and profitability.
Published first on TheFly
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- Booking Holdings price target raised to $2,600 from $2,150 at DA Davidson
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