Expedia price target raised to $190 from $165 at BMO Capital

BMO Capital raised the firm’s price target on Expedia (EXPE) to $190 from $165 but keeps a Market Perform rating on the shares after its Q4 earnings beat and outlook. The firm’s 2025 gross bookings estimate moves modestly lower given adverse FX, but its EBITDA view increases by 2% due to ongoing cost leverage, the analyst tells investors in a research note. BMO adds however that Vrbo and Hotels.com face an uphill challenge, given Airbnb (ABNB) and Booking.com’s (BKNG) leadership positions in the U.S. and internationally.