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UPDATE: JG Capital Initiates Coverage on Expedia with Overweight Rating, $75 PT

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In a report published Wednesday, JG Capital initiated coverage on Expedia (NASDAQ: EXPE) with an Overweight rating and $75.00 price target.

JG Capital noted, “We believe Expedia is one of the best online internet travel players, driven by its scale as the world's largest online travel agent (OTA) based on gross bookings, its well-known brands and portfolio of websites, strong and accelerating hotel room night growth, high mix of organic traffic, and portability to mobile. Continued solid execution, strong organic tailwinds and an aggressive expansion strategy have allowed the company to gain market share and record accelerating results despite the challenging macro environment. There are also rooms for margin improvement and a favorable mix shift in revenue towards higher-margin segments.”

Expedia closed on Tuesday at $59.92.

Latest Ratings for EXPE

DateFirmActionFromTo
Sep 2017UBSMaintainsBuy
Aug 2017JefferiesUpgradesHoldBuy
Aug 2017SunTrust Robinson HumphreyInitiates Coverage OnBuy

View More Analyst Ratings for EXPE
View the Latest Analyst Ratings

Posted-In: JG CapitalAnalyst Color Initiation Analyst Ratings

 

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