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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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