Mizuho analyst James Lee lowered the firm’s price target on Expedia to $110 from $120 and keeps a Neutral rating on the shares. The firm says the company’s gross bookings and room nights-booked were below expectations. It believes Expedia is a “show-me story as investors await sustainable growth.”
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Read More on EXPE:
- Expedia price target lowered to $128 from $137 at Barclays
- Expedia (NASDAQ:EXPE) Tanks On Q2 Topline Miss
- Expedia sees Q3 margins relatively in line with last year
- Expedia sees buying back stock opportunistically throughout rest of 2023
- Expedia sees double digit top line growth, margin expansion for FY23