Expedia price target raised to $199 from $168 at Wells Fargo

Wells Fargo raised the firm’s price target on Expedia (EXPE) to $199 from $168 and keeps an Equal Weight rating on the shares. The firm notes the strong execution story continued into Q4 with healthy acceleration across both B2B and B2C. 50bps FY25 margin expansion guide was in line. The new executive team keeps hitting numbers, establishing a more consistent track record of execution, Wells adds.