Argus raised the firm’s price target on Expedia to $171 from $158 and keeps a Buy rating on the shares. The company reported solid bookings in Q3 and appears on track to post above-peer-average earnings growth in 2024, the analyst tells investors in a research note. Pent-up demand for travel should drive an accelerated recovery for Expedia in 2024, with the company also set to benefit from the growth of its VRBO vacation rentals segment, the firm added.
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