Wells Fargo raised the firm’s price target on Booking Holdings (BKNG) to $5,411 from $4,692 and keeps an Equal Weight rating on the shares. The firm notes shares have outperformed year-to-date, +15% vs. SPX +7%, as continued strong execution and material FX tailwind have offset travel macro and geopolitical concerns. Wells expects trends to continue in Q2/second half of the year, but is watching search landscape closely for travel impacts.
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.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BKNG:
- DA Davidson to hold an analyst/industry conference call
- Is Travel Powerhouse Stock BKNG Running Out of Runway?
- Dutch consumer groups preparing legal claim against Booking.com, Reuters says
- Insmed, Deutsche Bank, Booking, Uber, DoorDash: Trending by Analysts
- Booking Holdings and Etraveli Group extend strategic partnership for eight years