Expedia ( (EXPE) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Expedia’s stock saw a slight decline recently, even as the travel industry predicted a surge in total passenger numbers to 5.2 billion by 2025. This anticipated travel boom was met with investor caution, impacting stock movement. In response to aggregated credit card data indicating improved travel demand, Bank of America’s analyst Justin Post upgraded Expedia’s rating from Neutral to Buy and raised the price target from $187 to $221. Despite these positive moves, the stock’s average price target suggests a slight downside risk.
More about Expedia
YTD Price Performance: 22.86%
Average Trading Volume: 1,458,821
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $23.94B
For further insights into EXPE stock on TipRanks’ Stock Analysis page.
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