Expedia price target lowered to $222 from $235 at B. Riley

B. Riley lowered the firm’s price target on Expedia (EXPE) to $222 from $235 and keeps a Buy rating on the shares. The company reported “mixed” Q1 with results revenue and bookings coming slightly below expectations while cost discipline drove EBITDA outperformance, the analyst tells investors in a research note. The firm says that while weaker U.S. consumer demand amid an uncertain macro environment is causing management to trim the 2025 growth outlook for bookings and revenue, the earnings impact is somewhat mitigated by cost initiatives.