Booking Holdings (BKNG) PT Raised to $215 at Wells Fargo

Wells Fargo analyst Ken Gawrelski raised the price target on Booking Holdings (NASDAQ: BKNG) to $215.00 (from $214.00) while maintaining a Equal Weight rating.

The analyst comments "Previewed 2Q nights guide below on macro; impact greater than expected. Operating efficiently to maintain HE of FY26 EPS growth. See only modest street revisions. <15X '27 P/E w/ underlying nts +HSD y/y, stock poised to outperform on improving macro. Assuming macro improves by midyear, in line w/ guide, see implied 2H nights growth of 8% as realistic and relatively consistent w/ underlying 1H growth. 1Q ex-ME impact estimated at +8%, w/ Jan/Feb modestly better. See April at +4% or better, in line w/ March at +1% excl. cancellation impact (3pts). Estimate 2Q underlying nights growth +7.5% excl. 3% drag from ME conflict. Outside ME-impacted corridors demand expected to remain healthy, though mgmt flagging potential inflationary impacts."

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