Truist raised the firm’s price target on Expedia (EXPE) to $175 from $163 but keeps a Hold rating on the shares. The firm is adjusting its model following Q4 earnings and continues to view U.S. leisure trends sluggish and increasingly trending down, though it is rolling forward its valuation with 2026 estimates, the analyst tells investors in a research note. Truist adds that it is positive on Expedia’s better setup in vacation rental market share, B2B and international, expense cuts, and revised strategy from the ramping new management team.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EXPE:
- Expedia put volume heavy and directionally bearish
- Closing Bell Movers: Asana crashes 28% after earnings, Moskovitz departure
- Zillow, Expedia, Domino’s, Mullen, Magnite: Insider Sales Unveiled
- Booking Holdings price target raised to $5,540 from $5,462 at BofA
- Expedia price target raised to $235 from $200 at BTIG
Questions or Comments about the article? Write to editor@tipranks.com