BTIG analyst Jake Fuller lowered the firm’s price target on Expedia (EXPE) to $210 from $235 and keeps a Buy rating on the shares. Despite Q1 earnings beat, the company’s booked room-nights and gross bookings were light, the analyst tells investors in a research note. Booking Holdings (BKNG) is better positioned geographically, but Expedia is cheap and the firm remains comfortable in its EPS growth prospects, the firm adds.
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Read More on EXPE:
- Expedia’s Strategic Positioning Amidst Challenges: Buy Rating with Potential Upside
- Expedia’s Strategic Cost-Cutting and Ad Revenue Focus Drive Buy Rating Amid Attractive Valuation
- Expedia price target raised to $149 from $143 at Wells Fargo
- Expedia price target raised to $190 from $187 at Barclays
- Expedia downgraded to Underweight from Neutral at Piper Sandler
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