Needham & Company Starts Expedia (EXPE) at Buy
Get Alerts EXPE Hot Sheet
Rating Summary:
23 Buy, 32 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Expedia (EXPE) Appoints Jochen Koedijk as Chief Marketing Officer, Brad Bentley as COO of Consumer Business
- Hyundai Mobis Co Ltd. (012330:KS) PT Raised to KRW340,000 at HSBC
- BofA Securities Upgrades Estee Lauder (EL) to Buy; 'Earnings have bottomed'
Create E-mail Alert Related Categories
Analyst Comments, Hot New Coverage, New CoverageRelated Entities
Needham & CompanySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!