Expedia Inc (NASDAQ:EXPE) shares are down nearly 3% to $116.15, after the online travel booking giant reported mixed second-qaurter results, with lower-than-expected revenue but higher EPS and EBITDA. In reaction, RBC Capital analyst Mark Mahaney reduced his price target from $165 to $160, while maintaining an Outperform rating on the stock.

Mahaney stated, “We would be buyers of this weakness. While fundamentals have decelerated in 1H:16, in part due to integration turbulence, we believe results should improve in 2H. Expedia remains an excellent play on the secular growth in Online Travel and as a strong integrator of assets. Plus, a potential Trivago IPO could serve as a catalyst and offset macro or competitive concerns we sense building around the story. Finally current valuation is reasonable (9x ’17 EBITDA), given its growth profile, strong balance sheet and dividend paying status.”

Mahaney is one of the top analysts on Wall Street covering technology. According to TipRanks.com, his picks average a 20.3% percent one-year return, and he’s ranked #9 out of 4087 analysts. Mahaney has a 11.2% average return when recommending EXPE.

Out of the 20 analysts polled by TipRanks, 11 rate Expedia stock a Buy, 8 rate the stock a Hold and 1 recommends Sell. With a return potential of 17.7%, the stock’s consensus target price stands at $137.33.