Cantor Fitzgerald analyst Deepak Mathivanan lowered the firm’s price target on Booking Holdings (BKNG) to $5,660 from $5,770 and keeps a Neutral rating on the shares. Booking’s Q2 EBITDA beat Street estimates by 10%, and while there are plenty of uncertainties on the macro front, Booking is executing well on strategic initiatives, including connected trip, alternative accommodations, and loyalty, the analyst tells investors in a research note.
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Read More on BKNG:
- Booking Holdings price target raised to $6,700 from $6,100 at B. Riley
- Booking Holdings price target raised to $6,200 from $6,000 at Benchmark
- Booking Holdings price target raised to $6,000 from $5,700 at BMO Capital
- Booking Holdings price target lowered to $5,650 from $5,800 at Morgan Stanley
- Booking Holdings price target raised to $6,363 from $6,300 at UBS