Expedia price target raised to $165 from $150 at Morgan Stanley

Morgan Stanley analyst Brian Nowak raised the firm’s price target on Expedia (EXPE) to $165 from $150 and keeps an Equal Weight rating on the shares. The firm increased estimates across the internet space to reflect a more favorable macro backdrop and lower China tariffs. Morgan Stanley also rolled its valuation methodologies to mid-year 2026. Amazon remains the analyst’s top pick. The firm expects revenue growth to pick up at both Alphabet and Meta Platforms but prefers the former in the near-term due to valuation.