Market Overview

UPDATE: Oppenheimer Initiates Coverage On Expedia

Share:
Related EXPE
Expedia Has 'Less Room For Growth,' Morgan Stanley Sees 20% Downside
7 Things Bob Peck Is Watching At HomeAway
MakeMyTrip: Still Grounded (Seeking Alpha)

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 2015Morgan StanleyInitiates Coverage onUnderweight
Feb 2015Deutsche BankMaintainsHold
Feb 2015JP MorganMaintainsNeutral

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...

Get Benzinga's Newsletters

Benzinga PRO content