BofA raised the firm’s price target on Booking Holdings (BKNG) to $5,522 from $4,850 and keeps a Neutral rating on the shares citing RevPAR and BofA aggregated credit and debit card data that show early signs of improving trends for U.S. travel. The firm is also lowering expense estimates for the cost cutting initiatives outlined in the recent 8K filing and slightly raising nights estimates, offset by lower forex.
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Read More on BKNG:
- Booking Holdings price target raised to $5,575 from $5,235 at JPMorgan
- Booking Holdings price target raised to $6,100 from $5,400 at JMP Securities
- Booking Holdings price target raised to $6,300 from $5,500 at TD Cowen
- QQQ ETF Update, 12/12/2024
- Booking Holdings sees expense reduction of $400M-$450M from efficiency steps