Benchmark raised the firm’s price target on Booking Holdings (BKNG) to $6,200 from $6,000 and keeps a Buy rating on the shares. There is “a lot to unpack” from Booking Holdings’ “strong” Q2 report, “soft” Q3 room-night outlook, and raised full-year guidance, the analyst tells investors. Booking needs the growth and margin story to remain in place, which “it certainly appears to be over at least the medium-term,” the analyst added.
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Read More on BKNG:
- 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
- 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