Seaport Research raised the firm’s price target on Booking Holdings (BKNG) to $5,330 from $3,900 and keeps a Buy rating on the shares. The firm remains positive on the stock, believing it can sustain bookings growth of mid-high single digits in the long-term, with approx. 10% EBITDA growth driven by increasing shift to direct bookings and operating expense leverage, the analyst tells investors.
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Read More on BKNG:
- Booking Holdings price target raised to $5,500 from $4,100 at Citi
- Booking Holdings price target raised to $5,250 from $3,900 at RBC Capital
- 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