BofA Securities analyst Justin Post upgraded Expedia Group, Inc. EXPE to Buy from Neutral and raised the price target to $221 from $187.
Expedia stock gained Wednesday after analysts with BofA Securities boosted the stock to buy. The post Expedia Stock Gains After Analyst Upgrade Sees Improving U.S. Travel Trends appeared first on Investor's Business Daily.
Jenny Horne reports on two analyst moves ahead of Wednesday's open. Expedia (EXPE) gets an upgrade to a Buy rating at BofA, while Rivian (RIVN) catches a downgrade at Baird.
It's fitting to look at PYMNTS' Provider Ranking of Travel Apps, considering this week is one of the busiest travel periods of the year. Each month, PYMNTS determines the most popular apps in the travel sector based on the number of downloads and average users, as well as other metrics.
Expedia is a top value-oriented rebound play, with shares up ~60% from YTD lows, driven by strong Q3 bookings and the One Key loyalty program. Expedia trades at a ~15x forward P/E ratio, cheaper than rivals Booking Holdings and Airbnb, despite similar growth and high EBITDA margins. Expedia's diverse brand portfolio, One Key rewards program, and new leadership focused on profitability bolster its long-term investment case.
Shares of Expedia Group, Inc. EXPE are climbing following reports of a potential buyout.
Expedia Group, Inc. EXPE reported better-than-expected third-quarter adjusted EPS results on Thursday.
EXPE's third-quarter 2024 results benefit from an increase in B2B and advertising revenues.
While the top- and bottom-line numbers for Expedia (EXPE) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Expedia Group is prioritizing digital engagement and personalized customer experiences as key drivers of growth. The company's third-quarter financial results reflect a strategic focus on technology and customer loyalty initiatives, particularly through its mobile app and its loyalty program, One Key.
Expedia Group, Inc. (NASDAQ:EXPE ) Q3 2024 Results Conference Call November 7, 2024 4:30 PM ET Company Participants Harshit Vaish - SVP of Corporate Development, Strategy & Investor Relations Ariane Gorin - Chief Executive Officer Julie Whalen - Chief Financial Officer Conference Call Participants Lee Horowitz - Deutsche Bank Deepak Mathivanan - Cantor Fitzgerald Trevor Young - Barclays Conor Cunningham - Melius Research Naved Khan - B. Riley Austin Riddick - Evercore ISI Jed Kelly - Oppenheimer Anthony Post - Bank of America Operator Good day, everyone, and welcome to the Expedia Group Q3 2024 Financial Results Teleconference.
Expedia Group topped profit expectations and met revenue estimates for its third quarter, reporting $4.