Market Overview

UPDATE: Jefferies Raises PT on Expedia on Solid 4Q Results

Share:
Related EXPE
LOT Polish Airlines Accepting Bitcoin Payments
Is Expedia Still A Buy? Wall Street Analysts Weigh In
Online Travel Sites Battle For Share: Spare Room Anyone? (Investor's Business Daily)

In a report published Wednesday, Jefferies reiterated its Hold rating on Expedia (NASDAQ: EXPE), and raised its price target from $56.00 to $70.00.

Jefferies noted, “Expedia reported solid 4Q results with rev growth of +24% Y/Y, driven by robust hotel performance across all geographies. Gross bookings grew +19% Y/Y, driven by accelerating hotel room nights growth (+33% Y/Y) and +12% Y/Y growth in air tickets sold. Declining rev per room night and rev per ticket remained major headwinds in the quarter. We reiterate our Hold and raise PT to $70 as we roll valuation one year forward.”

Expedia closed on Tuesday at $67.50.

Latest Ratings for EXPE

DateFirmActionFromTo
Jul 2015BarclaysMaintainsOverweight
Jul 2015JefferiesMaintainsHold
Jun 2015Deutsche BankUpgradesHoldBuy

View More Analyst Ratings for EXPE
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (EXPE)

View Comments and Join the Discussion!

Get Benzinga's Newsletters