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Booking Holdings price target raised to $5,250 from $3,900 at RBC Capital
The Fly

Booking Holdings price target raised to $5,250 from $3,900 at RBC Capital

RBC Capital raised the firm’s price target on Booking Holdings (BKNG) to $5,250 from $3,900 and keeps an Outperform rating on the shares. The company’s Q3 results were better than expected, with consumer weakness called out last quarter having proved to be more benign and the company’s capture of stabilizing/rebounding demand seen as strong, particularly in European alternative accommodations, the analyst tells investors in a research note. RBC adds that Booking “remains the name to own in travel”.

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