BMO Capital analyst Brian Pitz raised the firm’s price target on Booking Holdings (BKNG) to $5,700 from $5,000 and keeps an Outperform rating on the shares after its Q1 earnings beat. The firm is positive on the relatively stable global travel demand, despite macro uncertainty, accelerating alternative accommodation listings, and high-margin AI tailwinds still ahead for the company, the analyst tells investors in a research note.
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