RBC Capital analyst Brad Erickson raised the firm’s price target on Expedia (EXPE) to $200 from $180 and keeps a Sector Perform rating on the shares. The company’s Q2 was slightly better than Street estimates but much better than feared after reads from Airbnb (ABNB) and Booking Holdings (BKNG) screened less positive on U.S. travel in particular, which likely drove outsized positioning into the print, the analyst tells investors in a research note.
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Read More on EXPE:
- Expedia price target raised to $205 from $160 at BMO Capital
- Expedia price target raised to $265 from $215 at Benchmark
- EXPE Earnings: Expedia Stock Rallies on Solid Q2 Results and Upgraded Outlook
- Expedia price target raised to $250 from $210 at BTIG
- Expedia price target raised to $209 from $182 at UBS