BMO Capital raised the firm’s price target on Booking Holdings (BKNG) to $6,000 from $5,700 and keeps an Outperform rating on the shares. The company reported a solid Bookings and adjusted EBITDA beat attributable to strong Asia/Europe demand, room night growth, and favorable FX, the analyst tells investors in a research note. The firm is also raising its FY26 gross bookings view to $197B from $192B to reflect relatively stable global travel demand, continued contributions from Genius, and Connected Trip execution.
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Read More on BKNG:
- Booking Holdings price target lowered to $5,650 from $5,800 at Morgan Stanley
- Booking Holdings price target raised to $6,363 from $6,300 at UBS
- Booking Holdings price target raised to $6,500 from $5,560 at Citi
- Balanced Outlook for Booking Holdings Amid Strong Performance and Valuation Concerns
- Booking Holdings downgraded to Neutral from Outperform at Wedbush