Cantor Fitzgerald analyst Deepak Mathivanan raised the firm’s price target on Booking Holdings (BKNG) to $5,540 from $4,900 and keeps a Neutral rating on the shares. Booking’s Q4 results were “strong” and consistent with the trends universally observed in the travel sector, the analyst tells investors in a research note. The company is making targeted investments in tech and platform initiatives, which should strengthen Booking’s competitive position in travel over the long-term, Cantor says.
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Read More on BKNG:
- Booking Holdings price target lowered to $5,725 from $5,850 at Baird
- Booking Holdings price target raised to $5,900 from $5,000 at Benchmark
- Booking Holdings price target raised to $5,960 from $5,560 at UBS
- Booking Holdings price target raised to $5,120 from $4,900 at Piper Sandler
- Booking Holdings price target raised to $5,248 from $4,470 at Wells Fargo