Argus raised the firm’s price target on Booking Holdings to $4,100 from $3,677 and keeps a Buy rating on the shares. As the travel industry continues to recover, the company stands to benefit from the strength of its Booking.com brand in Europe and from recovery in the U.S., the analyst tells investors in a research note. The stock is trading at 19.5-times its 2024 EPS estimate, below the average for other online booking companies, though Booking Holdings’ strong earnings outlook merits a higher multiple, the firm added.
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