** Online travel agency Booking Holdings BKNG.O beat analysts' estimates for first-quarter profit and revenue as sustained demand for international travel helped offset weakness in the U.S. amid fears of a recession
** Median PT of 40 brokerages covering the stock is $5,580 - data compiled by LSEG
GLOBAL FOOTPRINT HELPS INSULATE GROWTH
** RBC Capital ("outperform," maintains PT at $5,900) says macroeconomics is clearly driving some softening and shift in U.S. travel but the impact to the company appears contained with its uniquely broad geographic exposure helping mitigate risks
** Piper Sandler ("neutral," maintains PT at $5,077) sees co's global footprint to drive profit growth above the market as travel preferences are changing by country
** Truist ("hold," maintains PT at $4,720) says, "We contend that investors should focus especially on travel trends in Europe and Asia over the U.S. as these markets may lag the U.S. if a weaker macro in the U.S. extends more broadly and globally"
** BTIG ("buy," maintains PT at $5,500) says it's seeing pressure on inbound U.S., but co is agnostic to destination with demand shifting to other end markets
(Reporting by Apratim Sarkar)
((Apratim.Sarkar@thomsonreuters.com))
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