Booking Holdings price target raised to $5,500 from $5,300 at Evercore ISI

Evercore ISI analyst Mark Mahaney raised the firm’s price target on Booking Holdings (BKNG) to $5,500 from $5,300 and keeps an Outperform rating on the shares following what the firm describes as “very strong Beat & Bracket Q4 results.” Q4 bookings, revenue and EBITDA all came in solidly above the firm’s and Street estimates, driven by strength across all geographic markets and travel verticals, notes the analyst, who is raising the firm’s estimates.