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Needham & Company Starts Expedia (EXPE) at Buy

January 3, 2017 4:26 PM EST
Get Alerts EXPE Hot Sheet
Price: $137.75 -0.89%

Rating Summary:
    23 Buy, 32 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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Needham & Company initiates coverage on Expedia (NASDAQ: EXPE) with a Buy rating and a price target of $140.00.

Analyst Laura Martin commented, "We initiate coverage of EXPE with a BUY rating and 12-month target price of $140 based on improving fundamentals, valuation and strong OTA market trends. The travel ecosystem is large, global and complex, which raises the value of aggregation for consumers. EXPE’s comparative pricing focus gives travelers confidence that they have considered the price/value ratio of a wide variety of choices, which adds to customer satisfaction and repeat visitation metrics. Digital markets are winner-take-most markets. Online bookings are taking share from offline, and Online Travel Aggregators (OTAs) are taking share from other online bookings options. EXPE has grown predominantly through acquisitions, and currently owns many of the strongest brand names in the travel industry."

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 $113.28 yesterday.



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