Citi raised the firm’s price target on Booking Holdings (BKNG) to $5,500 from $4,100 and keeps a Buy rating on the shares. With room night growth and gross bookings reaccelerating, Q3 travel trends continuing into October, and margins expanding, Citi is incrementally positive on shares of Booking, the analyst tells investors in a research note. The firm says the company remains its top pick across the online travel sector.
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Read More on BKNG:
- 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
- Booking Holdings price target raised to $5,400 from $5,000 at JMP Securities