B. Riley raised the firm’s price target on Booking Holdings to $4,900 from $4,400 and keeps a Buy rating on the shares. The firm adjusted its FY25 bookings, revenue, and adjusted EBITDA estimates to $177.6B, $25.2B, and $8.99B, respectively, from $176.7B, $25.3B, and $9.03B, respectively. B. Riley remains positive on the underlying fundamentals of the business and believe it is positioned to deliver above-market growth in top line as connected trip initiatives continue to scale, the analyst tells investors in a research note.
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