Booking Holdings price target raised to $5,820 from $5,580 at BofA

BofA analyst Justin Post raised the firm’s price target on Booking Holdings (BKNG) to $5,820 from $5,580 and keeps a Neutral rating on the shares after having hosted Booking CFO Ewout Steenbergen for a Q&A session at the BofA Tech Conference. No financial updates were provided, but the discussion highlighted Booking’s global scale and diversity and management “seemed confident” in their long-term 8% bookings and revenue growth and mid-teens EPS growth framework, the analyst tells investors after the event. With stable international travel markets and a healthy forex move since February, the firm thinks Q2 is likely on track for meet/beat results, the firm added.