Deutsche Bank: Expedia (EXPE) At Tipping Point - New Technology Continues To Drive Improvement
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
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
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.
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.
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
- BofA Securities Upgrades Estee Lauder (EL) to Buy; 'Earnings have bottomed'
- 4D Molecular Therapeutics (FDMT) PT Lowered to $63 at BMO Capital, 'uncertainty remains a lingering overhang until the PhIII readout'
Create E-mail Alert Related Categories
Analyst Comments, Retail SalesRelated Entities
Deutsche BankSign 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!