Booking Holdings price target raised to $4,025 from $3,950 at JPMorgan

JPMorgan raised the firm’s price target on Booking Holdings to $4,025 from $3,950 and keeps an Overweight rating on the shares. The company reported strong Q1 results ahead of guidance and consensus, but provided a softer Q2 outlook while reaffirming the 2024 guide, the analyst tells investors in a research note. The firm says the company continues to see resiliency in demand as it heads toward peak summer travel, and notes that comps get easier in the back half.