Cantor Fitzgerald Believes Checks Point to Solid 4Q for Expedia

In a report published Monday, Cantor Fitzgerald analyst Naved Khan reiterated a Buy rating and $92.00 price target on Expedia EXPE. In the report, Cantor Fitzgerald noted, “We expect EXPE to report strong 4Q:14 results, in-line with Street(FactSet) expectations, on Feb. 5 after market close. Our checks show that paid clicks to Expedia.com saw good growth in 4Q, along with a healthy growth in visitation to Trivago. Our checks also indicate that hotel room rates continued to be up on a Y/Y basis (FX-neutral) across U.S./Europe in 4Q. While the fundamentals continue to look good, we believe FX headwinds are likely to weigh on mgt's FY:15 outlook. We're maintaining our BUY rating and $92 PT into earnings.” Expedia closed on Friday at $85.93.