In a report released today, Naved Khan from SunTrust Robinson maintained a Buy rating on Expedia (NASDAQ: EXPE), with a price target of $180. The company’s shares opened today at $131.44.
Khan said:
“We expect the reduced latency to result in higher site conversions, driving margins gains and/or faster growth and see scope for further gains. We believe that EXPE is in the very early stages of realizing significant operational benefits from cloud migration, including improved marketing efficiency, faster product innovation, and greater personalization.”
According to TipRanks.com, Khan is a 5-star analyst with an average return of 24.2% and a 80.5% success rate. Khan covers the Technology sector, focusing on stocks such as Endurance International, Wix.com Ltd, and trivago NV.
Expedia has an analyst consensus of Moderate Buy, with a price target consensus of $154.61.
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Based on Expedia’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.88 billion and net profit of $1 million. In comparison, last year the company had a net profit of $352 million.
Based on the recent corporate insider activity of 29 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.
