Booking Holdings price target raised to $4,320 from $3,590 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Booking Holdings (BKNG) to $4,320 from $3,590 and keeps a Neutral rating on the shares. Booking reported strong Q3 results, with room-nights and EBITDA exceeding Street estimates, and travel demand improved in many key markets, the analyst tells investors in a research note. On its call, the company discussed several new-product initiatives leveraging GenAI tech advancements, which could emerge as a key competitive advantage over time, Cantor says.