Expedia (EXPE) PT Raised to $95 at FBR Capital on Strong Q2

FBR Capital analyst Jake Fuller reiterated an Outperform rating and bumped his price target on Expedia (NASDAQ: EXPE) to $95.00 (from $85.00) following strong Q2 results.

Fuller highlighted: (1) Strong organic growth and Travelocity contributions fueled a top-line beat, (2) EBITDA was well ahead for the second straight quarter, increasing confidence that margin can expand over time, and (3) we see ramping hotel count as the next big growth driver and count was up ex-eLong.

The firm takes 2014 ($1,025 million to $1,052 million) and 2015 ($1,184 million to $1,260 million) EBITDA estimates up.

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 $79.42 yesterday.

You May Also Be Interested In

• Deutsche Bank Upgrades MSCI Inc. (MSCI) to Buy, 'Compelling entry point for long-term investors'
• BofA Securities Upgrades Tesla (TSLA) to Buy on wind up of positive catalysts
• 'Catalysts on the horizon:' Airbnb (ABNB) upgraded to Buy at Mizuho, shares climb