Credit Suisse analyst Stephen Ju maintained a Buy rating on Expedia (EXPE) yesterday and set a price target of $105.00. The company’s shares closed last Monday at $48.96, close to its 52-week low of $40.76.
According to TipRanks.com, Ju is a 5-star analyst with an average return of 10.4% and a 58.6% success rate. Ju covers the Technology sector, focusing on stocks such as Activision Blizzard, IAC/InterActiveCorp, and Boingo Wireless.
Currently, the analyst consensus on Expedia is a Moderate Buy with an average price target of $129.42, which is a 190.2% upside from current levels. In a report issued on March 6, Citigroup also initiated coverage with a Buy rating on the stock with a $130.00 price target.
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Based on Expedia’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.75 billion and net profit of $76 million. In comparison, last year the company earned revenue of $2.56 billion and had a net profit of $17 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 travellers. It operates through the following business segments: Core Online Travel Agency(OTA), Trivago, Vrbo, and Egencia.
