Booking Holdings price target raised to $6,300 from $5,500 at TD Cowen

TD Cowen analyst Kevin Kopelman raised the firm’s price target on Booking Holdings (BKNG) to $6,300 from $5,500 and keeps a Buy rating on the shares. The firm said it is a Best Idea for 2025. The keys are growth well above industry at nights and is recently accelerating, and with Alternative outpacing ABNB. Also, margin expansion from ad costs and new 3-yr efficiency plan at $400-450M savings.