Booking Holdings price target raised to $3,500 from $3,000 at Oppenheimer

Oppenheimer analyst Jed Kelly raised the firm’s price target on Booking Holdings to $3,500 from $3,000 and keeps an Outperform rating on the shares. The firm expects Booking Holdings to generate stable growth and margin expansion. Oppenheimer also expects the company to report Q2 nights above mid-single-digit guidance, and guide for accelerating Q3 nights in low double-digits on easing European comps.