Booking Holdings Inc. (NASDAQ:BKNG) was upgraded to outperform from perform with a $2,560 price target by Oppenheimer. The brokerage believes that the company’s aggressive investments into the recovery (payments/connected trip/brand/US/loyalty) will yield higher share gains to sustain a low 20's P/E multiple.

The brokerage increased its 2023 revenue/ EPS estimates 4%/10% on its view of looser international restrictions driving a faster recovery, offsetting pockets of geopolitical volatility.

The company posted its Q4 results end of last month, with an EPS of $15.83 coming in better than the consensus estimate of $13.53. Revenue was $3 billion, beating the consensus estimate of $2.85 billion.