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Wedbush analyst Scott Devitt reiterated a Buy rating on Booking Holdings Inc. (NASDAQ: BKNG), raising the price target from $3,300 to $3,850. The analyst writes that Booking is the leading OTA globally, with an expected one billion plus room nights booked across its brand portfolio in 2023. Booking has best-in-class margins (driven primarily by marketing efficiency), a proven management team, and a multi-year strategy to drive EPS growth through flights/payments growth, the analyst adds. Devitt is also upbeat about BKNG’s U.S. expansion (where the company is gaining share) and APAC, where the …

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