Evercore ISI analyst Mark Mahaney raised the firm’s price target on Booking Holdings to $4,500 from $3,800 and keeps an Outperform rating on the shares following what the firm describes as “Beat & Lower Q1 EPS results.” Following the report, the firm’s FY24 and FY25 bookings, revenue and EBITDA estimates are “largely unchanged,” but its FY24 GAAP EPS estimate is raised 14% on “a materially reduced share count,” the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BKNG: