Booking Holdings price target raised to $4,800 from $4,250 at Mizuho

Mizuho raised the firm’s price target on Booking Holdings (BKNG) to $4,800 from $4,250 and keeps an Outperform rating on the shares. Industry data suggests gig economy services demand remains resilient with moderating inflation and continued favorable unit economics, the analyst tells investors in a research note. The firm expects category leaders in ride-sharing and food delivery to gain share and operating leverage. For the online travel agencies, Mizuho sees a mixed outlook as consumer trade downs and shorter booking windows are reducing revenue visibility. Its top pick into the earnings reports is DoorDash (DASH).