Wells Fargo analyst Ken Gawrelski lowered the firm’s price target on Expedia (EXPE) to $315 from $329 and keeps an Equal Weight rating on the shares. The firm acknowledges another quarter of solid execution from the EXPE management team with a clean beat and raise. Capping positive reaction, fears persist on changes to AI travel planning and OTA disintermediation, Wells adds.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EXPE:
- Expedia price target lowered to $225 from $250 at Piper Sandler
- Balanced Hold on Expedia: Strong B2B-Driven Execution Offset by Persistent B2C Weakness and Valuation Caution
- Expedia price target raised to $260 from $245 at Barclays
- Closing Bell Movers: DraftKings down 15% after earnings miss
- Expedia says Q1 is lowest EBITDA quarter