Booking Holdings price target raised to $6,806 from $6,743 at UBS

UBS analyst Stephen Ju raised the firm’s price target on Booking Holdings (BKNG) to $6,806 from $6,743 and keeps a Buy rating on the shares. A key highlight from Q3 was the acceleration of U.S. room night growth to high single digits year over year, up from low single digits in prior periods, the analyst tells investors in a research note. Growth was supported by stronger B2B activity and increasing benefits from Booking’s broader travel offering, including air, alternative accommodations, and the Connected Trip, which now makes up a low double-digit share of transactions, the firm says. Combined with roughly $100M in additional savings from the Transformation Program, these trends strengthen Booking’s positioning to achieve its 8-8-15 growth targets, UBS argues.