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Evercore ISI cuts Booking Holdings stock price target on caution By Investing.com
Evercore ISI has lowered its price target for Booking Holdings (BKNG) to $250 from $6,250, while maintaining an Outperform rating due to caution despite expectations of a modest beat in Q1 earnings. The firm noted that Booking Holdings’ Middle East exposure and reliance on Europe and Asia-Pacific for full-year results introduce potential downside variance, leading them to anticipate management will reiterate guidance with incrementally cautious language for the second half of the year. This adjustment follows other recent analyst revisions and developments, including a stock split and strategic acquisitions.