Expedia price target raised to $310 from $265 at Benchmark

Benchmark raised the firm’s price target on Expedia (EXPE) to $310 from $265 and keeps a Buy rating on the shares. Not only did Expedia blow through consensus’ gross bookings, revenue, and EBITDA expectations, but they also posted “the best booked room-night growth across the entire OTA space,” says the analyst, who thinks “a double-digit multiple is warranted.”