BTIG raised the firm’s price target on Booking Holdings (BKNG) to $6,250 from $5,500 and keeps a Buy rating on the shares. The firm notes that data tracking shows acceleration in reservation volume vol since March, and it is raising its estimates on higher room-night expectations, the analyst tells investors in a research note. The stock is at an all-time high but its earnings multiple remains at a 15% discount to large-cap internet stocks, the firm added.
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