Expedia price target raised to $210 from $180 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Expedia (EXPE) to $210 from $180 and keeps a Neutral rating on the shares. Expedia’s Q4 results featured bookings and EBITDA that were above Street estimates by 5% and 12%, respectively, with Room Nights growth of 12% year over year that were 3 points above the Street, largely driven by a strong travel environment, the analyst tells investors in a research note. Shares have a straight forward path to outperform following the solid results if the company can execute on its 2025 targets, but Cantor prefers to stay on the sidelines until it is more confident in execution.