Booking Holdings price target raised to $2,850 from $2,550 at Oppenheimer

Oppenheimer analyst Jed Kelly raised the firm’s price target on Booking Holdings to $2,850 from $2,550 and keeps an Outperform rating on the shares ahead of quarterly results. The firm notes shares are up 20% year-to-date, outperforming the Internet Index at +16%, on solid execution and robust demand trends in recent travel earnings. Oppenheimer raises its 2023 nights 4%, and sees upside to consensus Q1 room-nights if Q4-to-Q1 sequential cadence returns to pre-COVID levels.