Piper Sandler analyst Thomas Champion raised the firm’s price target on Booking Holdings (BKNG) to $5,750 from $5,077 and keeps a Neutral rating on the shares. The firm notes shares were flat after hours following a Q2 result above guidance, but likely in-line with higher expectations following a better macro from Q1 2025. Trends in Asia have helped to offset a weaker U.S. consumer, with room nights remaining LSD and ADRs pressured globally. CFO Steenbergen continues to sound confident in the new role and FY25 estimates move higher, aided by a better FX environment.
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Read More on BKNG:
- Booking Holdings price target lowered to $5,660 from $5,770 at Cantor Fitzgerald
- 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