Expedia price target lowered to $245 from $285 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on Expedia (EXPE) to $245 from $285 and keeps a Neutral rating on the shares. Expedia’s Q4 EBITDA exceeded Street estimates by 11%, while room nights and bookings were up 9% and 11% year over year amid a healthy demand environment in many market, but the firm would like to gain confidence on Expedia’s AI strategy, the analyst tells investors in a research note.