UPDATE: RBC Capital Assumes Expedia (EXPE) at Sector Perform

May 26, 2021 4:14 PM EDT
Get Alerts EXPE Hot Sheet
Price: $154.78 -2.77%

Rating Summary:
    25 Buy, 29 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 22 | Down: 13 | New: 31
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(Updated - May 26, 2021 4:15 PM EDT)

RBC Capital analyst Brad Erickson assumes coverage on Expedia (NASDAQ: EXPE) with a Sector Perform rating and a price target of $175.00.

The analyst comments "New management is rolling up its sleeves to tackle EXPE’s 24 brands in hopes of driving operating efficiency, a return to growth and, of course, profit. With that said, we think the stock reflects optimistic views around future execution, Vrbo’s LT growth potential and unprecedented margin expansion down the road. Signs of a more significant Vrbo inflection in our channel checks and/or more visible improvements in performance marketing conversion could turn usmore positive, but with sparse evidence of either to date, we’d wait for a pullback on EXPE before getting more constructive."

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 $173.06 yesterday.


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