Expedia upgraded to Buy at BofA on improving U.S. travel data, easy comps

As previously reported, BofA upgraded Expedia (EXPE) to Buy from Neutral with a price target of $221, up from $187, citing RevPAR and BofA aggregated credit and debit card data that show early signs of improving trends for U.S. travel as well as easy comps in 2025 and “achievable” Street estimates for 10% EBITDA growth in FY25. A new CEO and better messaging and execution “could drive longer term investors to revisit the stock,” the analyst added.