Market Overview

UPDATE: Oppenheimer Initiates Coverage On Expedia

Share:
Related EXPE
Mid-Afternoon Market Update: Crude Oil Down 3%; Tripadvisor Shares Rise On Earnings Beat
Expedia CEO: Here's How Low Oil Helps Us
Stocks Fall Despite Late Rally; Activision Dives After Hours (Investor's Business Daily)

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
Feb 2016Credit SuisseMaintainsNeutral
Feb 2016BenchmarkMaintainsBuy
Feb 2016NomuraMaintainsNeutral

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)

Get Benzinga's Newsletters