Booking Holdings price target raised to $5,000 from $4,200 at Oppenheimer

Oppenheimer analyst Jed Kelly raised the firm’s price target on Booking Holdings (BKNG) to $5,000 from $4,200 and keeps an Outperform rating on the shares. The recent share price run-up, in addition to geopolitical and election tensions, is creating a difficult earnings set-up, but Oppenheimer remains a long-term buyer of Booking, the analyst tells investors in a research note. Booking has top sentiment within online travel on higher confidence that 2025 margins will expand in a normalizing travel environment, the firm says.