BofA raised the firm’s price target on Expedia (EXPE) to $211 from $205 and keeps a Buy rating on the shares. Expedia lowered its FY25 booking growth outlook to 2%-4% from 4%-6%, modestly below the Street at 5%, notes the analyst. Following the Q1 topline miss, the firm raised its target based on higher estimates due to lower costs, offset by a slightly lower EBITDA multiple to account for lower top line growth.
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