Jefferies analyst John Colantuoni lowered the firm’s price target on Expedia to $125 from $140 and keeps a Hold rating on the shares. After updating its model to reflect Q1 results and guidance, the firm’s 2025 revenue estimate remains approximately unchanged to reflect its already below-consensus estimates prior to Expedia cutting FY24 Bookings guidance, while its EBITDA estimate decreases by 2% to reflect the company’s lower FY24 EBITDA guidance.
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