Barclays lowered the firm’s price target on Booking Holdings to $3,800 from $3,900 and keeps an Overweight rating on the shares. The company’s Q4 bookings and EBITDA were modestly ahead of estimates, but the “disappointing” Q1 and full year gross bookings and room night guide will likely to weigh on shares, the analyst tells investors in a research note. The firm says Booking is still on track to deliver 8% sales and 15% earnings growth in fiscal 2024, while a new dividend may bring new investors to the name.
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