As previously reported, BofA upgraded Expedia (EXPE) to Buy from Neutral with a price target of $221, up from $187, citing RevPAR and BofA aggregated credit and debit card data that show early signs of improving trends for U.S. travel as well as easy comps in 2025 and “achievable” Street estimates for 10% EBITDA growth in FY25. A new CEO and better messaging and execution “could drive longer term investors to revisit the stock,” the analyst added.
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Read More on EXPE:
- Expedia upgraded to Buy from Neutral at BofA
- Expedia price target raised to $180 from $170 at JPMorgan
- Salesforce upgraded, ServiceNow downgraded: Wall Street’s top analyst calls
- Expedia initiated with a Market Perform at CICC
- Expedia appoints Shilpa Ranganathan as Chief Product Officer
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
