Expedia price target raised to $116 from $100 at Susquehanna

Susquehanna analyst Shyam Patil raised the firm’s price target on Expedia to $116 from $100 and keeps a Neutral rating on the shares. The analyst said they posted a mixed 4Q, though faced significant headwinds related to both storms and FX. Excluding these headwinds, gross bookings would have exceeded 2019 levels, and management is confident in the company’s trajectory heading into 2023.