BofA raised the firm’s price target on Booking Holdings (BKNG) to $5,540 from $5,462 and keeps a Neutral rating on the shares. Booking had a “strong” Q4, with strong nights growth and even better bookings and bottom line growth, the analyst tells investors. However, Booking’s Q1 nights growth outlook was similar to or below peers, including Airbnb (ABNB) at 8.5%, and the firm sees more multiple expansion potential for Expedia (EXPE), if growth rates converge, the analyst added in support of the firm’s Neutral rating.
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Read More on BKNG:
- Booking Holdings price target raised to $5,540 from $4,900 at Cantor Fitzgerald
- Booking Holdings price target lowered to $5,725 from $5,850 at Baird
- Booking Holdings price target raised to $5,900 from $5,000 at Benchmark
- Booking Holdings price target raised to $5,960 from $5,560 at UBS
- Booking Holdings price target raised to $5,120 from $4,900 at Piper Sandler