Booking Holdings price target raised to $2,850 from $2,700 at BofA

BofA analyst Justin Post raised the firm’s price target on Booking Holdings to $2,850 from $2,700 and keeps a Neutral rating on the shares after the company’s gross bookings, revenues and EPS all beat Street forecasts in Q4. Booking’s 2023 outlook for low-teens booking growth and a 200 basis point year-over-year improvement in EBITDA margins were "directionally consistent and slightly better than Street estimates," the firm added.