
Shares of online travel platform Expedia EXPE.O down 9.2% at $153.42 premarket
On Thursday, EXPE missed Wall Street estimates for Q1 revenue on weak U.S. travel demand
EXPE Q1 revenue of $2.98 billion vs est of $3.01 billion, according to data compiled by LSEG
At least four brokerages cut PT on EXPE
Piper Sandler downgrades rating to "underweight" from "neutral"; says commentary around US inbound travel & the B2C business was discouraging and suggests a tough slog from here
"It could also get incrementally worse" - brokerage
15 of 37 brokerages rate the stock "buy" or higher and 22 "hold"; their median PT is $201.33 - LSEG data
As of last close, stock down 9.21% YTD