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Expedia price target raised to $240 from $211 at BofA

BofA analyst Justin Post raised the firm’s price target on Expedia (EXPE) to $240 from $211 and keeps a Buy rating on the shares after Q2 results beat estimates, Expedia guided to Q3 revenue and EBITDA above Street expectations and raised its FY25 booking growth outlook. Following the report, the firm raised its own bookings and EBITDA estimates for 2025 to account for improving U.S. travel trends.

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