In a report released today, Naved Khan from SunTrust Robinson maintained a Buy rating on Expedia (EXPE), with a price target of $188. The company’s shares closed last Monday at $130.38.
Khan observed:
“We believe that EXPE’s new distribution agreement with UAL puts to rest any potential risk of business disruption for both parties. While economic terms of the new agreement were not disclosed, we believe the deal likely saw tough negotiations from both sides, given that the announcement comes just 2 weeks before expiration of the current agreement. As outlined below, we see limited impact to EXPE 2020 EBITDA, even if we assume a shift in economics in United’s favor.”
According to TipRanks.com, Khan is a 5-star analyst with an average return of 18.0% and a 70.9% success rate. Khan covers the Technology sector, focusing on stocks such as Endurance International, Wix.com Ltd, and trivago NV.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Expedia with a $158.57 average price target, representing a 20.5% upside. In a report issued on September 9, Guggenheim also maintained a Buy rating on the stock with a $162 price target.
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The company has a one-year high of $144 and a one-year low of $108.11. Currently, Expedia has an average volume of 1.55M.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EXPE in relation to earlier this year.
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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.
