Expedia added to ‘Tactical Outperform’ list at Evercore ISI

Evercore ISI is making three tactical calls into the quarterly reports from the Internet Large Cap group, adding Expedia (EXPE) and Alphabet (GOOGL) to the firm’s “Tactical Outperform” list and adding Airbnb (ABNB) to the firm’s “Tactical Underperform” list. For Expedia, the firm says the setup is “somewhat similar to Q2,” when it notes it also had the stock as a “Tactical Outperform.” Though shares have risen solidly since then, Evercore also sees more evidence of a VRBO turnaround, which it believes is a large key to the stock, says the analyst, who believes Expedia will “likely print an In Line and Bracket Q3:24.”