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.
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 today’s best-performing stocks on TipRanks >>
Read More on BKNG:
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Booking Holdings price target raised to $3,900 from $3,550 at RBC Capital
- Booking Holdings price target lowered to $3,800 from $3,900 at Evercore ISI
- Booking Holdings price target raised to $4,100 from $3,400 at DA Davidson
- Booking Holdings price target lowered to $3,435 from $3,548 at Wells Fargo
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue