Expedia, Inc. (EXPE) Maintains A Positive Rating

Analysts at SIG Susquehanna have maintained a Positive rating for Expedia, Inc. (NASDAQ: EXPE). Analysts have set a price target of $30 for the Expedia, Inc. stock.

The company posted solid results in the fourth-quarter. However, the shares of the company saw weakness due to concerns about hotel bookings momentum in a stronger economy, which were intensified by a slowdown in reported transaction rates, and room nights sold in the fourth-quarter.

According to analysts, the market has overreacted. Analysts believe that the shares of the company are cheap relative to the strong free cash flows, and EBITDA.

Analysts have raised the 2010 EPS estimate from $1.43 to $1.55.