Booking Holdings price target raised to $5,800 from $5,005 at DA Davidson

DA Davidson raised the firm’s price target on Booking Holdings (BKNG) to $5,800 from $5,005 and keeps a Buy rating on the shares. The company’s Q4 included upside vs. consensus across all key metrics, driven by 13% room night growth, thanks to improvement across all regions, the analyst tells investors in a research note. Underlying travel strength has persisted into January, leading to a constructive FX-neutral Q1 guide and the management indicating it can deliver 2025 results that conform to its long-term growth framework of gross bookings and revenue growth of at least 8% and EPS growth of 15%, the firm adds.