On Nov 09, major Wall Street analysts update their ratings for $Expedia (EXPE.US)$, with price targets ranging from $176 to $220.
Goldman Sachs analyst Eric Sheridan maintains with a buy rating, and adjusts the target price from $200 to $208.
BofA Securities analyst Justin Post maintains with a hold rating, and sets the target price at $187.
Deutsche Bank analyst Lee Horowitz downgrades to a hold rating, and adjusts the target price from $150 to $192.
Evercore analyst Mark Mahaney maintains with a buy rating, and adjusts the target price from $175 to $210.
TD Cowen analyst Kevin Kopelman maintains with a hold rating, and adjusts the target price from $150 to $176.
Furthermore, according to the comprehensive report, the opinions of $Expedia (EXPE.US)$'s main analysts recently are as follows:
Expedia's third-quarter results and fourth-quarter guidance were strong, bolstered by the performance of Brand Expedia and enhancements to Vrbo, an analyst reported.
The company's third-quarter performance surpassed expectations with nights and bookings, and forecasts for the fourth quarter are optimistic despite potential setbacks from inclement weather. Additionally, Vrbo experienced a positive turn throughout the entire quarter.
The firm's assessment of Expedia indicates that despite a strong performance in Q3 earnings, the Hotels.com brand continues to face challenges. Achieving a positive inflection may be challenging due to an increasingly competitive environment. Additionally, it is noted that rising costs for Vrbo and Hotels.com could balance out the favorable Gross Bookings trajectory expected in 2025 and the years following.
Expedia's Q3 results were favorable, with the improving travel demand narrative continuing as expected. The acceleration of Vrbo, accompanied by an increase in marketing investments, and growth in nights at least on par with the market, were highlights mentioned by the analyst.
The company's growth in Room Nights is surpassing that of its competitors, and there are positive signs of recovery in both VRBO and B2C segments, as noted in an industry research note.
Here are the latest investment ratings and price targets for $Expedia (EXPE.US)$ from 11 analysts:
Note:
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