Expedia (EXPE) PT Raised to $155 at JMP Securities
JMP Securities raised its price target on Expedia (NASDAQ: EXPE) to $155.00 (from $135.00) while maintaining a Market Outperform rating following recent Q2 results.
Analyst Ronald Josey said he believes Expedia’s strategy of hotel acquisition is beginning to deliver incremental bookings growth while investments in performance marketing are leading to marketing efficiency.