Market Overview

Online Travel Stocks Outperforming; Deutsche Bank Suggests Expedia Stole Back Top Spot from Tripadvisor

Share:
Related EXPE
Airbnb Worth $30 Billion After Latest Funding Round
Hotel Chains Versus Online Travel Agencies: Marriott Thinks It Can Win
Activist takes stake in Expedia (Seeking Alpha)
Related TRIP
Yelp's Class B Shares Eliminated; Analyst Sees Potential For Acquisition
Google Still Has Its Sights On The Travel Sector

Shares of Expedia (NASDAQ: EXPE) are leading the online travel sector higher Tuesday afternoon, now up 2.5 percent on very heavy volume. With about three hours left in the trading session, more than 6 million shares of Expedia have already traded hands. Normal daily volume for Expedia is usually just over 4 million shares.

Deutsche Bank's Ross Sandler issued a research note this morning suggesting Expedia has won back the top spot from Tripadvisor (NYSE: TRIP). The analyst cited recent proprietary data. Sandler believes Tripadvisor's shift toward a meta search has caused instability within the company.

Sandler maintains a Buy rating and $66 price target on shares of Expedia.

With the stock last trading at $50.97, Sandler's price target implies potential upside of about 29 percent.

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: Analyst Color News Analyst Ratings

 

Related Articles (EXPE + TRIP)

View Comments and Join the Discussion!