Analysts have set an average price target of $166 for Expedia, with Citigroup being more optimistic at $200.
Three months ago, the average price target was higher at $182.2, indicating a change in analysts’ optimism.
Expedia’s revenue growth and low debt level, along with its share buyback program, support a positive outlook for the stock.
Expedia Group, Inc. (NASDAQ: EXPE) is a leading company in the online travel industry, offering a variety of services through its extensive brand portfolio. The company is known for its travel booking platforms, which include Expedia.com, Hotels.com, and VRBO, among others. Expedia competes with other major players like Booking Holdings, which also offers travel services but at a higher price point.
In the past month, analysts set an average price target of $166 for Expedia’s stock, reflecting their short-term expectations. This target considers recent developments and market conditions. Notably, Citigroup has set a more optimistic price target of $200, suggesting a positive outlook for Expedia’s financial performance, as highlighted by Citigroup.
Three months ago, the average price target was higher at $182.2, indicating greater optimism among analysts. This could be due to favorable market trends or company-specific factors. Expedia’s strong track record of surpassing earnings expectations and its potential for an earnings beat in the upcoming report may have contributed to this optimism.
A year ago, the average price target was $156.48, showing an upward trend in analysts’ expectations over the past year. This trend aligns with Expedia’s recent revenue growth of 3.33% year-over-year and 14.11% quarter-over-quarter in the third quarter of 2024. The company’s improved operating and net margins further support this positive outlook.
Expedia’s low debt level and ongoing share buyback program, expected to continue into 2025, are anticipated to enhance the company’s valuation. Additionally, the company’s international expansion efforts and enhancements in VRBO and bundled programs contribute to its growth potential. These factors, along with the appointment of a new Chief Financial Officer, support the positive outlook for Expedia’s stock.
