BMO Capital analyst Brian Pitz initiated coverage of Expedia with an Outperform rating and $181 price target. The company’s multi-year product investment cycle is now behind it and the second derivative is improved monetization of core Expedia, Vrbo, and Hotels.com, the analyst tells investors in a research note. The firm says Vrbo remains an underappreciated asset for Expedia.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on EXPE: