RBC Capital raised the firm’s price target on Booking Holdings (BKNG) to $5,250 from $3,900 and keeps an Outperform rating on the shares. The company’s Q3 results were better than expected, with consumer weakness called out last quarter having proved to be more benign and the company’s capture of stabilizing/rebounding demand seen as strong, particularly in European alternative accommodations, the analyst tells investors in a research note. RBC adds that Booking “remains the name to own in travel”.
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Read More on BKNG:
- Booking Holdings price target raised to $5,200 from $4,900 at Deutsche Bank
- Booking Holdings price target raised to $4,600 from $4,200 at Morgan Stanley
- Booking Holdings price target raised to $5,500 from $4,100 at Susquehanna
- Booking Holdings price target raised to $5,400 from $5,000 at JMP Securities
- Booking Holdings price target raised to $5,100 from $4,650 at B. Riley