BMO Capital analyst Brian Pitz raised the firm’s price target on Booking Holdings (BKNG) to $5,700 from $5,000 and keeps an Outperform rating on the shares after its Q1 earnings beat. The firm is positive on the relatively stable global travel demand, despite macro uncertainty, accelerating alternative accommodation listings, and high-margin AI tailwinds still ahead for the company, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BKNG:
- Buy Rating for Booking Holdings: Stable Travel Demand, AI Advancements, and Strategic Partnerships Drive Growth
- Positive Long-Term Outlook for Booking Holdings Amid Strong International Growth and Favorable Forex Conditions
- Booking Holdings price target raised to $4,692 from $4,567 at Wells Fargo
- Booking Holdings price target raised to $5,700 from $5,600 at Citizens JMP
- Booking Holdings Reports Solid Q1 2025 Performance