UPDATE: Oppenheimer Initiates Coverage On Expedia
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
|May 2015||Cantor Fitzgerald||Maintains||Buy|
|May 2015||JMP Securities||Upgrades||Market Perform||Market Outperform|
|May 2015||Guggenheim Securities||Initiates Coverage on||Buy|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.