Seaport Research lowered the firm’s price target on Booking Holdings to $4,260 from $4,380 and keeps a Buy rating on the shares. The company reported solid Q4 results but guided to a softer than expected bookings growth due to continued impact from Middle East and tougher comps in 2024, the analyst tells investors in a research note. The firm says that while near-term growth is lower than expected, it continues to believe Booking can grow bookings and revenues high single digits LT with 10% plus EBITDA growth.
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