Raymond James notes that the Financial Times reported that Uber (UBER) is exploring a possible acquisition of Expedia (EXPE) and although the report said no official offers have been made, the market has responded positively on Expedia and “somewhat negative” on Uber, based on the share price movements of each. The firm says that “regardless of the state of a potential Expedia deal,” the bigger picture M&A idea “reinforces the view that Uber is the most diversified and scaled marketplace and industry consolidation is likely to unlock meaningful synergies.” The firm “would be intrigued” by such a potential deal should Uber effectively outline a travel-focused GenAI concierge vision, added the analyst, who has a Strong Buy rating on Uber shares.
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