Market Overview

UPDATE: Cantor Fitzgerald Reiterates Buy Rating, Raises PT on Expedia

Share:
Related EXPE
AirBnB Vs. Accor: The Battle For Luxury Rental Market Supremacy
Turning Your Vacation Into A Stock Portfolio
Priceline: A Money Creating Machine (Seeking Alpha)

In a report published Monday, Cantor Fitzgerald reiterated its Buy Rating on Expedia (NASDAQ: EXPE), and raised its price target from $67.00 to $70.00.

Cantor Fitzgerald noted, “We're reiterating our BUY on Expedia and raising our PT to $70 (from $67) as our checks show robust growth in paid clicks for Expedia.com in Oct./Nov., indicating that the site continues to see improved traffic conversion and ROI. With hotel trends relatively unchanged (Q/Q) across the U.S. and Europe and a limited hit from Hurricane Sandy, we believe this should translate into healthy double-digit growth in hotel room-nights and revenue in 4Q.”

Expedia closed on Friday at $58.99.

Latest Ratings for EXPE

DateFirmActionFromTo
Jan 2017MKM PartnersInitiates Coverage OnBuy
Jan 2017MKM PartnersInitiates Coverage OnBuy
Jan 2017CitigroupInitiates Coverage OnSell

View More Analyst Ratings for EXPE
View the Latest Analyst Ratings

Posted-In: Cantor FitzgeraldAnalyst Color Price Target Analyst Ratings

 

Related Articles (EXPE)

View Comments and Join the Discussion!