Expedia price target raised to $290 from $250 at Oppenheimer

Oppenheimer raised the firm’s price target on Expedia (EXPE) to $290 from $250 and keeps an Outperform rating on the shares after management raised 2025 EBITDA guidance about 7% on B2B strength, a better U.S. backdrop, and B2C marketing leverage. The Q4 guide contemplates the government shutdown and Expedia is tracking for 200bps of margin expansion in 2025 due to its 2021-2024 tech-replatforming creating a more durable profit grower, Oppenheimer adds.