Jake Fuller, an analyst from BTIG, maintained the Buy rating on Expedia (EXPE – Research Report). The associated price target remains the same with $200.00.
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Jake Fuller has given his Buy rating due to a combination of factors including Expedia’s strong performance in the fourth quarter and its favorable outlook for the future. The company exceeded expectations with significant growth in room nights and bookings, driven by both B2C and B2B segments, and demonstrated margin expansion. Additionally, the guidance for the first quarter, while mixed, was not as negative as feared, and there is confidence in the conservative nature of Expedia’s topline guidance for the full year, along with positive expectations for margin improvements.
Expedia’s competitive position has strengthened following a period of transformation, closing the gap with its peers and improving its margin profile. The company is also taking steps to return capital efficiently. The valuation appears attractive, with Expedia trading at a favorable multiple of its expected 2025 EBITDA. These factors combined lead to a maintained Buy rating and a price target of $200, with a valuation range between $120 and $225.
In another report released today, HSBC also upgraded the stock to a Buy with a $215.00 price target.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EXPE in relation to earlier this year.