Booking Holdings price target raised to $5,700 from $5,600 at Citizens JMP

Citizens JMP raised the firm’s price target on Booking Holdings (BKNG) to $5,700 from $5,600 and keeps an Outperform rating on the shares. Booking’s “solid” Q1 results included revenue and adjusted EBITDA beating expectations and Q2 guidance coming in above consensus, the analyst tells investors in a research note. Citizens believes Booking remains the best positioned company within online travel to weather the volatile macro and industry environment and that share gains are likely to persist.