Booking Holdings (BKNG) PT Lowered to $5,600 at Citizens JMP

Citizens JMP analyst John Colantuoni lowered the price target on Booking Holdings (NASDAQ: BKNG) to $5,600.00 (from $6,100.00) while maintaining a Market Outperform rating.

The analyst commented, “We continue to see BKNG as the asset to own, even in this environment, particularly given its leading position within the category and its long track record of share gains.” Also “we see ABNB as positioned to benefit from the same dynamic, group travel being a trade down from individual travel, particularly for more regional travel vs. trips that require flights. That said, we continue to prefer BKNG.”

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