Booking Holdings price target raised to $5,330 from $3,900 at Seaport Research

Seaport Research raised the firm’s price target on Booking Holdings (BKNG) to $5,330 from $3,900 and keeps a Buy rating on the shares. The firm remains positive on the stock, believing it can sustain bookings growth of mid-high single digits in the long-term, with approx. 10% EBITDA growth driven by increasing shift to direct bookings and operating expense leverage, the analyst tells investors.