Cantor Fitzgerald raised the firm’s price target on Booking Holdings (BKNG) to $4,320 from $3,590 and keeps a Neutral rating on the shares. Booking reported strong Q3 results, with room-nights and EBITDA exceeding Street estimates, and travel demand improved in many key markets, the analyst tells investors in a research note. On its call, the company discussed several new-product initiatives leveraging GenAI tech advancements, which could emerge as a key competitive advantage over time, Cantor says.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BKNG:
- Booking Holdings price target raised to $5,000 from $4,700 at Benchmark
- Booking Holdings price target raised to $4,900 from $3,560 at Piper Sandler
- Booking Holdings price target raised to $4,850 from $4,448 at BofA
- Booking Holdings price target raised to $5,100 from $4,500 at Barclays
- Booking Holdings Reports Solid Q3 2024 Earnings