Wedbush raised the firm’s price target on Booking Holdings (BKNG) to $6,000 from $5,900 and keeps a Neutral rating on the shares following “strong” Q3 results. Wedbush noted that Q4 guidance was healthy, with all key metrics consistent with street estimates. The firm told investors that Booking continues to drive efficiencies through ongoing cost optimization initiatives, enabling reinvestment to support growth towards the company’s longer-term targets.
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:
- Booking Holdings price target raised to $5,810 from $5,750 at Truist
- Morning Movers: Nvidia jumps after GTC, Trump comments
- Booking Holdings price target raised to $6,000 from $5,975 at Mizuho
- Booking Holdings price target raised to $6,806 from $6,743 at UBS
- Hold Rating on Booking Holdings Amid Strong Performance and AI Uncertainties