JPMorgan lowered the firm’s price target on Booking Holdings (BKNG) to $5,600 from $6,250 and keeps an Overweight rating on the shares. The firm views the company’s Q4 results as strong and says Booking offered an “encouraging” outlook. The company’s guidance could have upside as evidenced by Booking’s multi-year execution and due to the transformation savings, the analyst tells investors in a research note.
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Read More on BKNG:
- Booking Holdings Earnings Call Highlights Profitable Growth
- Booking Holdings price target lowered to $5,850 from $6,325 at Baird
- Booking Holdings price target lowered to $6,000 from $6,850 at TD Cowen
- Booking Holdings price target lowered to $5,600 from $6,400 at Benchmark
- Booking Holdings price target raised to $7,746 from $7,656 at HSBC