Piper Sandler lowered the firm’s price target on Booking Holdings (BKNG) to $195 from $200 and keeps a Neutral rating on the shares. The firm notes shares were down after hours following Q1 results that were in-line on bookings and above on profitability, but overshadowed by lowered FY26 guidance and a weak Q2 outlook embedding a 3pp Middle East conflict headwind through June.
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Read More on BKNG:
- Booking Holdings price target lowered to $175 from $180 at Cantor Fitzgerald
- Booking Holdings price target lowered to $215 from $240 at Oppenheimer
- Booking Holdings price target lowered to $208 from $224 at JPMorgan
- Booking Holdings price target lowered to $249 from $260 at UBS
- Booking Holdings price target lowered to $215 from $234 at Baird