tiprankstipranks
Expedia named Top Pick for first half of 2023 at BTIG
The Fly

Expedia named Top Pick for first half of 2023 at BTIG

BTIG analyst Jake Fuller names Expedia (EXPE) as his BTIG Top Pick for first half of 2023, replacing Uber (UBER) on that list. The company has reduced pandemic leverage and its free cash flow profile has also improved, the analyst tells investors in a research note, adding that the stock also trades at an 8-turn EBITDA multiple discount to Booking Holdings (BKNG) vs. an historical average of 4-turn. That gap should narrow as concerns around Expedia market share and marketing efficiency should fade, Fuller states. The analyst has a Buy rating and a $150 price target on the stock.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on EXPE:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles