Mizuho upgraded Booking Holdings (BKNG) from Neutral to Outperform. The firm established a $6,000 price target for the stock. Analysts characterized recent market concerns regarding AI disruption as overblown and identified the recent share sell-off as a compelling buying opportunity.
Separately, Booking Holdings appointed Peer Bueller as the new Chief Executive Officer of its subsidiary, KAYAK. This leadership change aims to ensure continuity for the strategic brand. The combination of the analyst upgrade and the leadership appointment served as positive catalysts for the company.