Booking Holdings price target raised to $5,000 from $3,950 at JMP Securities

JMP Securities analyst Nicholas Jones raised the firm’s price target on Booking Holdings (BKNG) to $5,000 from $3,950 and keeps an Outperform rating on the shares. Industry metrics have remained relatively resilient, and consumer confidence has improved sequentially, though still below pre-pandemic levels, suggesting durable travel trends, the analyst tells investors in a research note. Third party data suggests that Booking continues to gain share in the U.S. from Expedia (EXPE), and JMP says Booking remains the stock to own within online travel given its dominant international presence and relatively durable upper-funnel trends, particularly in the U.S.