Tigress Financial raised the firm’s price target on Booking Holdings to $4,285 from $3,855 and keeps a Strong Buy rating on the shares. The company continues to be well-positioned to benefit from the significant secular shift in consumer spending priorities that are favoring travel and entertainment, along with the ongoing leverage of generative AI that is expected to drive further revenue growth, the analyst tells investors in a research note. Booking Holdings’ strong balance sheet and cash flow will also continue to drive ongoing investment in key growth initiatives and the resumption of share repurchases, the firm added.
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