Mizuho raised the firm’s price target on Booking Holdings (BKNG) to $6,000 from $5,400 and keeps an Outperform rating on the shares. The firm remains constructive into 2025 on the shares. Mizuho’s analysis by geography indicates that the consensus fiscal 2025 room night growth of 7% for Booking appears conservative. It expects the company’s EBITDA to grow in the mid-teens in 2025 with revenue growing faster than expenses through increased efficiency from automation and headcount reductions.
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Read More on BKNG:
- Booking Holdings Extends Former CFO’s Part-Time Role
- Booking Holdings price target raised to $5,522 from $4,850 at BofA
- 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
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