Expedia price target raised to $194 from $178 at UBS

UBS raised the firm’s price target on Expedia (EXPE) to $194 from $178 and keeps a Neutral rating on the shares. Expedia is benefiting from a robust demand environment for travel, as well as recovery for Vrbo and Hotels.com, and reported a “clean” beat across its major key performance indicators, including booked room nights, gross bookings, and revenue, the analyst tells investors in a research note. While Expedia’s core strategic priorities have not changed materially moving into 2025, the incremental updates from the print show that it is better positioned to regain share through the year, UBS argues.