Goldman Sachs lowered its price target for Booking Holdings (NASDAQ: BKNG) from $6,050 to $5,920. The bank maintained a Neutral rating on the stock. The travel giant holds a market capitalization exceeding $164 billion.
The price target adjustment follows a third quarter where performance surpassed expectations. Results exceeded forecasts for gross bookings, room nights, and revenue.
Booking Holdings reported robust growth in alternative accommodations. The company benefited from an expanded booking window. Growth accelerated specifically in the United States.