UBS raised the firm’s price target on Booking Holdings (BKNG) to $6,300 from $5,750 and keeps a Buy rating on the shares. The operating backdrop ultimately did not prove as dire as expected post-Liberation Day, and while there is some regional softness in the U.S. inbound, consumer appetite for travel to other destinations appears unabated, the analyst tells investors in a research note. Currency movements provide a partial tailwind through the quarter, UBS adds.
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:
- BKNG Upcoming Earnings Report: What to Expect?
- Booking Holdings price target raised to $5,850 from $5,820 at BofA
- 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