B. Riley analyst Naved Khan raised the firm’s price target on Booking Holdings (BKNG) to $6,100 from $6,000 and keeps a Buy rating on the shares. The company reported a “comfortable” earnings and sales beat, with its sizable non-U.S. exposure resulting in strong growth in booked nights while cost discipline also contributed, the analyst tells investors in a research note. The firm says Booking’s key performance indicators show continued improvement in underlying fundamentals.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
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 $5,400 from $5,200 at Wedbush
- Booking Holdings price target raised to $5,700 from $5,000 at BMO Capital
- Buy Rating for Booking Holdings: Stable Travel Demand, AI Advancements, and Strategic Partnerships Drive Growth
- Positive Long-Term Outlook for Booking Holdings Amid Strong International Growth and Favorable Forex Conditions
- Booking Holdings price target raised to $4,692 from $4,567 at Wells Fargo
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue