Market Overview

UPDATE: Oppenheimer Initiates Coverage On Expedia

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)

In a report released Tuesday, Oppenheimer analyst Manish Hemrajani initiated coverage on Expedia (NASDAQ: EXPE) with an Outperform rating and $90.00 price target.

Analyst at Oppenheimer lists six main reasons why Expedia will continue to grow: Expedia benefits from secular growth bringing consumers online for travel booking, diverse selection of branding and online travel property, increased penetration in its international segment, increased booking mix leading to higher margins for hotels, growth opportunities seen in its mobile platform and growing share in Trivago website.

Oppenheimer views opportunity for Expedia to expand in its international segment, particularly in Europe, Latin America and its Asian-Pacific demographic, through direct investments, alliances,and/or acquisitions.

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: Manish Hemrajani OppenheimerAnalyst Color Price Target Initiation Analyst Ratings

 

Related Articles (EXPE)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional