Booking Upgraded to Outperform From Perform by Oppenheimer Analysts
<p><a href='https://financialmodelingprep.com/financial-summary/BKNG'>Booking Holdings Inc. (NASDAQ:BKNG) </a>was upgraded to outperform from perform with a $2,560 price target by Oppenheimer. The brokerage believes that the company’s aggressive investments into the recovery (payments/connected trip/brand/US/loyalty) will yield higher share gains to sustain a low 20's P/E multiple. </p>
<p>The brokerage increased its 2023 revenue/ EPS estimates 4%/10% on its view of looser international restrictions driving a faster recovery, offsetting pockets of geopolitical volatility. </p>
<p>The company posted its Q4 results end of last month, with an EPS of $15.83 coming in better than the consensus estimate of $13.53. Revenue was $3 billion, beating the consensus estimate of $2.85 billion.</p>

NASDAQ::BKNG