Booking Holdings price target raised to $2,600 from $2,150 at DA Davidson

DA Davidson analyst Tom White raised the firm’s price target on Booking Holdings to $2,600 from $2,150 but keeps a Neutral rating on the shares. The analyst cites the company’s better than expected Q4 results and constructive commentary on its growth momentum having continued into January. Booking Holdings’ initial forecast for 2023 calling for low-teens gross bookings growth and a 50 bps improvement in take-rate is also positive, the firm tells investors in a research note, though it prefers to wait for more data and see on whether that outlook will ultimately prove conservative.