Expedia (EXPE) – Analysts’ Recent Ratings Updates
A number of firms have modified their ratings and price targets on shares of Expedia (NASDAQ: EXPE) recently:
- Expedia had its “neutral” rating reaffirmed by analysts at Nomura. They now have a $56.00 price target on the stock.
- Expedia was upgraded by analysts at Lazard from a “neutral” rating to a “buy” rating.
- Expedia was upgraded by analysts at Benchmark Co. from a “hold” rating to a “buy” rating. They now have a $67.00 price target on the stock. They wrote, “We are raising our rating on shares of Expedia (EXPE) from Hold to Buy as continued solid execution, strong organic tailwinds and an aggressive expansion strategy have allowed the Company to gain market share and record accelerating results despite the challenging macro environment. While the initial stages of the global platform migration have already yielded impressive results, including a significant improvement in the core Expedia brand, Expedia still stands to benefit from the rollout of its revamped air and package platforms over the next couple quarters.”
- Expedia was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating.
- Expedia had its price target raised by analysts at RBC Capital from $59.00 to $70.00. They now have an “outperform” rating on the stock.
- Expedia had its price target raised by analysts at Susquehanna from $60.00 to $69.00. They now have a “positive” rating on the stock.
Shares of Expedia, Inc. opened at 59.06 on Monday. Expedia, Inc. has a one year low of $27.28 and a one year high of $60.29. The company has a market cap of $7.996 billion and a P/E ratio of 20.69.
Expedia, Inc. (Expedia) is an online travel company. As of December 31, 2011, the Company’s portfolio of travel brands featuring supply portfolio, including over 145,000 hotels in 200 countries, 300 airlines, packages, rental cars, cruises, as well as destination services and activities.