Booking Holdings price target lowered to $5,600 from $6,400 at Benchmark

Benchmark lowered the firm’s price target on Booking Holdings (BKNG) to $5,600 from $6,400 and keeps a Buy rating on the shares. The firm thinks the 25:1 split “could help Booking regain some share performance mojo,” and if initial FY26 guidance is starting ahead of the Street, “perhaps the stock can find a fundamental bottom shortly as well,” the analyst tells investors in a post-earnings note.