Wells Fargo Upgrades Booking Holdings to Equal-Weight, Raises Price Target to $3459
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ken Gawrelski upgraded Booking Holdings (NASDAQ:BKNG) from Underweight to Equal-Weight and increased the price target from $2402 to $3459.
January 02, 2024 | 11:43 am
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Wells Fargo upgraded Booking Holdings to Equal-Weight and raised the price target significantly from $2402 to $3459, indicating a more positive outlook on the stock.
The upgrade from Underweight to Equal-Weight by a major financial institution like Wells Fargo suggests a change in sentiment towards Booking Holdings. The substantial increase in the price target could lead to increased investor confidence and a potential short-term rise in the stock price, as market participants may reevaluate the company's prospects based on this new analyst rating.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100