Booking Holdings (BKNG) PT Raised to $4,440 at Cantor Fitzgerald

Cantor Fitzgerald analyst Deepak Mathivanan raised the price target on Booking Holdings (NASDAQ: BKNG) to $4,440.00 (from $4,330.00) while maintaining a Neutral rating.

The analyst commented, "BKNG reported 1Q results with Gross Bookings and EBITDA 1% and 27% above prior Street estimates, respectively (Visible Alpha). The company guided 2Q25E RN growth of 4-6% y/y (in line with Street estimates) and bookings growth of +10-12% y/y (incl. 4-pt FX benefit). On the call, BKNG noted that the demand environment has been relatively stable so far through April in several markets. However, BKNG widened prior FY25E guidance range for potential macro uncertainty and now expects top-line growth in MSD/HSD% range (ex-FX) with 50-100bps of EBITDA margin expansion. Big picture, macro uncertainties are beginning to emerge in certain pockets, such as US, but BKNG's diversified business should help the company navigate macro relatively better vs OTA peers. We reiterate our Neutral rating and our revised 12-month PT is $4,440 (vs $4,330 previously)."

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