Deutsche Bank: Expedia (EXPE) At Tipping Point - New Technology Continues To Drive Improvement

June 8, 2012 7:08 AM EDT
Get Alerts EXPE Hot Sheet
Price: $118.81 +0.68%

Rating Summary:
    27 Buy, 17 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Deutsche Bank maintains a 'Hold' on Expedia (NASDAQ: EXPE) price target of $43.00.

Deutsche analyst said, "Expedia US traffic trends continued to improve in May comScore data, marking a fourth consecutive month of strength. While we do not typically put much faith in any given month of comScore data, a trend appears to be in the works at Expedia. Further, the strength would make sense as the company reinvests marketing efficiency gains from 1Q into new traffic acquisition sources. We see potential upside to bookings ests in light of continued traction - though FX headwinds may somewhat offset near term upside given the strengthening US dollar (Euro headwind of ~11% and ~12% y/y in 2Q and 3Q, respectively)."

For an analyst ratings summary and ratings history on Expedia click here. For more ratings news on Expedia click here.

Shares of Expedia closed at $46.03 yesterday.

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