BofA raised the firm’s price target on Booking Holdings (BKNG) to $5,850 from $5,820 and keeps a Neutral rating on the shares ahead of the company’s earnings report due on July 29. The firm expects “a solid” Q2 and estimates 6% nights growth, but adds that the Street could be expecting 7%-8% given historical upside and steady international travel in the quarter.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BKNG:
- Booking Holdings price target raised to $5,800 from $4,900 at Morgan Stanley
- Optimistic Outlook for Booking Holdings Amid Market Strengths and Challenges
- BKNG, TSMC, and CAT: The 3 Stocks Immune to This Year’s Market Volatility
- Booking Holdings price target raised to $5,700 from $5,600 at Barclays
- Booking Holdings’ OpenTable launches gen-AI powered ‘Concierge’