In a report released today, Kevin Kopelman from TD Cowen maintained a Hold rating on Expedia (EXPE – Research Report), with a price target of $180.00.
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Kevin Kopelman has given his Hold rating due to a combination of factors influencing Expedia’s performance. The company is expected to meet its first-quarter expectations, thanks to more conservative guidance and easier comparisons to a weaker period last year. However, the second quarter presents challenges with tougher comparisons and a significant exposure to a slowing U.S. market.
Despite these challenges, there are positive elements such as favorable foreign exchange conditions and new airline partnerships that could enhance performance. Additionally, cost-saving measures like a recent reduction in force are expected to help maintain margins. Kopelman has set a target price of $180, reflecting a balanced view of these mixed factors.
According to TipRanks, Kopelman is a 4-star analyst with an average return of 7.2% and a 57.24% success rate. Kopelman covers the Consumer Cyclical sector, focusing on stocks such as Booking Holdings, Airbnb, and Expedia.
In another report released on April 28, UBS also maintained a Hold rating on the stock with a $170.00 price target.