SunTrust Robinson analyst Naved Khan maintained a Buy rating on Expedia (NASDAQ: EXPE) yesterday and set a price target of $180. The company’s shares opened today at $126.99.
Khan observed:
“We see incremental tailwinds to EXPE’s growth from the rollout of its distribution-partnership with Thomas Cook starting mid-3Q and its continued ramp over coming quarters. Separately, EXPE’s 3-year commitment to the prestigious UEFA sponsorship should help drive awareness for flagship brands (Expedia, Hotels.com), helping monetize investments aimed at expanding the property selection and positioning the business for sustainable growth, LT. S&M expense is likely to remain elevated, consistent with our current expectations. 2H18/ 2019. We note that the partnership with Thomas Cook (TCG-LON, NR), which was announced last fall (see link to our note) started to rollout across select markets in mid-3Q (UK rolled in late July).”
According to TipRanks.com, Khan is a 5-star analyst with an average return of 24.1% and a 80.0% success rate. Khan covers the Technology sector, focusing on stocks such as Endurance International, Webcom Group, and Wix.com Ltd.
Expedia has an analyst consensus of Moderate Buy, with a price target consensus of $154.61.
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The company has a one-year high of $154.24 and a one-year low of $98.52. Currently, Expedia has an average volume of 1.5M.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock.
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Expedia Group, Inc. is an online travel company, which engages in the provision of travel products and services to leisure and corporate travelers. It operates through the following segments: Core OTA, trivago, HomeAway, and Egencia.
