Analysts Navigate Expedia Stock Following Q1 Report

Analysts chimed in with mixed sentiment on EXPE

Deputy Editor
May 21, 2020 at 11:00 AM
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The shares of Expedia Group Inc (NASDAQ:EXPE) are down 1.5% at $78.40 at last check, after the company reported wider-than-expected first quarter losses for share. However, the company also announced a revenue beat, and forecast a rebound for May as cancellations stabilize. Following the news, analysts chimed in with somewhat mixed sentiment. No fewer than eight analysts lifted their price targets, including Deutsche Bank to $112 from $87, while two cut theirs, including Evercore ISI to $85 from $130, with an added downgrade to "in line" from "outperform." 

Coming into today, 12 out of 19 analysts were calling EXPE a tepid "hold" rating, while the remaining seven said "strong buy." Meanwhile, the 12-month consensus price target of $95.74 sits at a 24.6% premium to current levels. 

With Tuesday's bull gap, which toppled its 60-day moving average, in the rear view, EXPE is now contending with pressure around the $80 region, which is home to its early-March, pre-bear gap lows. It has been a slow climb higher for the travel stock, which has managed to tack on 34.8% in the last one-month period, though it's still languishing beneath its year-to-date breakeven with a 28% deficit. 

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