UPDATE: Citi Starts Expedia (EXPE) at Buy

(updating comment)

Citi analyst Jason Bazinet initiates coverage on Expedia (NASDAQ: EXPE) with a Buy rating and a price target of $130.00.

The analyst comments "Our target price is akin to 16x 2021 Adjusted EPS (which includes stock compensation expense). We like Expedia for five reasons: 1) robust top-line growth, 2) cost discipline, 3) robust FCF, 4) healthy capital returns and 5) attractive valuation."

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 $91.51 yesterday.

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