RBC Capital analyst Brad Erickson raised the firm’s price target on Booking Holdings (BKNG) to $5,900 from $5,250 and keeps an Outperform rating on the shares. The company’s Q4 results were better-than-expected, and while FX will likely bring down Street numbers somewhat given estimates largely did not reflect this, Booking presented a fairly usual model, the analyst tells investors in a research note. Booking’s under-promise/over-deliver track record could well repeat itself, the firm added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BKNG:
- Early notable gainers among liquid option names on February 21st
- Booking Holdings price target raised to $6,500 from $6,300 at TD Cowen
- Morning Movers: Bluebird Bio shares tumble following take-private deal
- Booking Holdings price target raised to $6,000 from $5,700 at B. Riley
- Booking Holdings price target raised to $5,540 from $5,462 at BofA