Booking Holdings price target raised to $3,325 from $2,950 at Credit Suisse

Credit Suisse analyst Stephen Ju raised the firm’s price target on Booking Holdings to $3,325 from $2,950 and keeps an Outperform rating on the shares. Booking’s Q2 gross bookings were in line with estimates, but mix shift to Merchant drove higher take rates to net better-than-expected revenue vs. consensus, the analyst tells investors in a research note. The firm sees the potential for better-than-expected room nights and gross booking growth due to the reduction of payment friction.