Market Overview

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

Share:
Related EXPE
Airbnb Worth $30 Billion After Latest Funding Round
Hotel Chains Versus Online Travel Agencies: Marriott Thinks It Can Win
Airbnb Is Coming For Priceline And Others (Seeking Alpha)

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 2016JP MorganMaintainsNeutral
Jul 2016Deutsche BankMaintainsBuy
Jul 2016UBSMaintainsBuy

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!