BofA analyst Justin Post lowered the firm’s price target on Expedia to $145 from $150 and keeps a Buy rating on the shares following a Q2 bookings miss that was “not a good look vs peers/travel industry.” The firm, which notes it slightly lowers 2024 estimates by 2%, sees better growth ahead and is “constructive” on the stock given negative sentiment and its valuation.
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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