Analyst Justin Post from Bank of America Securities maintained a Buy rating on Expedia (EXPE – Research Report) and keeping the price target at $211.00.
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Justin Post has given his Buy rating due to a combination of factors including Expedia’s strategic focus on expanding its B2B and advertising segments. The company has introduced new technology solutions at its annual Explore partner conference, which are expected to enhance its B2B offerings significantly. These solutions include new APIs for various services such as car rentals, activities, air travel, and insurance, which are designed to streamline operations and improve integration for partners.
Additionally, Expedia is leveraging AI technology to enhance its advertising capabilities and consumer engagement. The integration with OpenAI and the introduction of AI-driven tools for itinerary creation and hotel services are expected to strengthen its market position. These innovations, coupled with a strong execution in its B2B segment, are anticipated to drive significant EBITDA growth by 2025, justifying the Buy rating.
In another report released on May 9, B.Riley Financial also maintained a Buy rating on the stock with a $222.00 price target.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EXPE in relation to earlier this year.