Market Overview

UPDATE: Oppenheimer Initiates Coverage On Expedia

Share:
Related EXPE
HomeAway's Transition Under Expedia 'Progressing Well' Cantor Says; Reiterates Buy
Airbnb Under Fire For Allowing 'Illegal' Listings On Disputed Land Controlled By Israel
Best Performing Nasdaq 100 Stocks (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
Mar 2016Pacific CrestInitiates Coverage onSector Weight
Mar 2016MoffettNathansonMaintainsBuy
Mar 2016Piper JaffrayUpgradesNeutralOverweight

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)

View Comments and Join the Discussion!