Deutsche Bank Is Bullish On These Travel Agencies - Read Why - Expedia Group (NASDAQ:EXPE), Airbnb (NASDAQ:ABNB), Booking Holdings (NASDAQ:BKNG)

Deutsche Bank analyst Lee Horowitz initiated coverage of Booking Holdings Inc BKNG with a Buy rating and $2,512 price target, implying a 23.72% upside.
The analyst predicts leisure travel demand in the 2022/2023 period will surpass 2019 levels on account of the rising savings rates and consumer demand.
Lee Horowitz initiated coverage of Expedia Group Inc EXPE with a Buy rating and $218 price target, implying a 21.85% upside.
Horowitz is confident that Expedia will beat bookings and revenue estimates if global leisure accommodations bookings are conservatively up high single digits in FY22 versus the FY19.
The analyst also initiated coverage of Airbnb Inc ABNB with a Hold rating and $150 price target, implying a 1.19% downside.
Price Action: BKNG shares closed lower by 0.25% at $2,030.36 on Thursday.