Market Overview

UPDATE: Cantor Fitzgerald Initiates Expedia at Buy on Growth Tailwinds

Related EXPE
Events for the Week of Sept. 8-12
U.S. Hotel Rates Have Increased by 5 Percent In 2014
AppDynamics Becomes Billion Dollar Startup (Fox Business)

Cantor Fitzgerald initiated coverage on Expedia (NASDAQ: EXPE) with a Buy rating and a price target of $64.

Cantor Fitzgerald commented, "We initiate on Expedia with a BUY. We believe that Expedia is still in the early stages of a business turnaround, and prospects for continued upside driven by sustained improvement in key metrics and margins make this an attractive stock to own. At $54.81, the stock is relatively inexpensive, trading at ~9.3x CY:12E EBITDA and offering potential ~15% upside to our $64 PT."

Expedia closed at $57.09 on Thursday.

Latest Ratings for EXPE

DateFirmActionFromTo
Aug 2014Raymond JamesUpgradesMarket PerformOutperform
Aug 2014BenchmarkMaintainsBuy
Aug 2014Cantor FitzgeraldMaintainsBuy

View More Analyst Ratings for EXPE
View the Latest Analyst Ratings

Posted-In: Cantor FitzgeraldAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

Related Articles (EXPE)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters