Cantor Sets Expectations On Expedia Into 3Q14 Earnings
In a research report issued this morning, Cantor analyst Naved Khan reiterated a Buy rating on Expedia (NASDAQ:EXPE) with a $92 price target, ahead of the company’s third-quarter earnings release.
Khan noted, “We expect EXPE to report strong 3Q:14 results, in line with our estimates, on October 30 after market close. Our checks show that paid clicks to Expedia.com saw good growth in 3Q (normalized for a tough Y/Y comp) along with healthy growth in visitation to Hotels.com and Trivago. Our checks also indicate that hotel demand continued to improve across U.S./Europe in 3Q. Overall, we view these trends positively for EXPE’s 3Q.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Naved Khan has a total average return of 22.5% and a 65.5% success rate. Khan has a 13.3% average return when recommending EXPE, and is ranked #198 out of 3347 analysts.