Shares ofExpedia Group Inc (NASDAQ:EXPE)skyrocketed in early trading on Friday, after the company reported upbeat second-quarter earnings.
The results came amid an exciting earnings season. Here are some key analyst takeaways.
Goldman Sachs OnExpedia Group
Analyst Eric Sheridan maintained a Buy rating, while raising the price target from $182 to $200.
Expedia reported "solid" second-quarter results, with higher-than-expected gross bookings that were "driven more by room nights than ADRs," Sheridan said in a note. The company delivered a revenue beat on the back of strong B2B growth, he added.
Expedia's margins were also better...
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