Piper Sandler analyst Thomas Champion raised the firm’s price target on Booking Holdings (BKNG) to $4,900 from $3,560 and keeps a Neutral rating on the shares. The firm notes shares are up mid-single-digits following a Q3 result in-line with the typical beat/raise cadence. CFO Steenbergen continues to sound confident in the new role and EU growth has begun to re-accelerate starting in August, Piper adds. The firm remains cautious on the OTA space as a whole.
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