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BofA raises Booking Holdings price objective, citing global position

ReutersJun 9, 2025 10:58 AM

BofA Global Research raises Booking Holdings BKNG.O price objective to $5,820 from $5,580, a premium of 3.7% to the stock's last close

Reiterates "neutral" rating

Says U.S. travel market was experiencing challenges in early 2025 but global markets seemed constructive

Adds it is confident that co's global diversification will help in offsetting specific travel corridor pressure in future

Notes that with stable international market and healthy foreign exchange movement, second-quarter earnings are likely to beat estimates

28 of 40 brokerages rate the stock "buy" or higher, 12 "hold"; their median PT is $5,620 - data compiled by LSEG

As of last close, stock had risen 13% YTD

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