Booking Holdings price target lowered to $175 from $180 at Cantor Fitzgerald

Cantor Fitzgerald analyst Deepak Mathivanan lowered the firm’s price target on Booking Holdings (BKNG) to $175 from $180 and keeps a Neutral rating on the shares. Booking Holdings reported Q1 results with room nights and gross bookings slightly below expectations due to macro-driven headwinds, including elevated cancellations tied to geopolitical disruptions that particularly impacted March demand, the analyst tells investors in a research note. Despite softer top-line trends and a weaker-than-expected Q2 guidance, profitability outperformed with EBITDA above consensus and margin expansion, while strong North America momentum and a record $3.6B share buyback underscored ongoing execution and confidence in a second-half recovery, the firm says.