SunTrust Robinson Keeps a Buy Rating on Expedia (EXPE)


SunTrust Robinson analyst Naved Khan maintained a Buy rating on Expedia (EXPE) today and set a price target of $185. The company’s shares opened today at $122.25.

Khan wrote:

“We expect a timely renewal of Expedia’s ticketing agreement with UAL (expiring 9/30), given a potential negative impact on both businesses from a failure to do so, in our view. However, if the two parties fail to renew, we see limited top-line impact on EXPE’s revenue with an estimated ~1% hit to 2019 EBITDA and a 2-2.5% hit in 2020. Maintain Buy/$185 PT.”

According to TipRanks.com, Khan is a 5-star analyst with an average return of 21.8% and a 74.5% success rate. Khan covers the Technology sector, focusing on stocks such as Wix.com Ltd, Yext Inc, and GoDaddy.

Expedia has an analyst consensus of Strong Buy, with a price target consensus of $154.72.

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Based on Expedia’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.56 billion and net profit of $17 million. In comparison, last year the company earned revenue of $2.51 billion and had a GAAP net loss of $137 million.

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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 business segments: Core OTA, trivago, HomeAway, and Egencia.

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