Wells Fargo lowered the firm’s price target on Booking Holdings to $3,435 from $3,548 and keeps an Equal Weight rating on the shares. The online travel industry is “normalizing” to lower growth than expected and Booking guided to Q1/FY24 growth moderation greater than the firm’s below-consensus forecasts, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on BKNG:
- BKNG Earnings: Booking Holdings Stock Slides Despite Q4 Beat
- Booking Holdings price target raised to $3,900 from $3,500 at BofA
- Apple, Tesla downgraded: Wall Street’s top analyst calls
- Seaport positive on Booking Holdings fundamentals, starts with Buy
- Booking Holdings initiated with a Buy at Seaport Research
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue