Street View: Expedia jumps after multiple brokerage lift PT, citing stronger demand
Shares of online travel platform Expedia EXPE.O jump nearly 16% to about $254.52 in premarket trading
Co raised its 2025 revenue forecast and reported upbeat Q3 profit, banking on strong demand from its business clients
At least seven brokerages lift co's PT following Q3 results
14 of 38 brokerages rate the stock "buy" or higher and 24 "hold"; their median PT is $240 - data compiled by LSEG
As of last close, shares up about 17.9% YTD
LONGER LENGTH STAYS AND BOOKING WINDOWS EXPANSION
Piper Sandler ("neutral," lifts PT to $250 from $190) says B2B growth is impressive and co saw length of stay improved along with booking windows lengthened
J.P.Morgan (lifts PT to $260 from $225) says co noted longer lengths of stay and booking window expansion
B Riley (lifts PT to $300 from $260) says co's above-market growth rate in hotel nights suggests share gains in international markets
Wedbush (lifts PT to $250 from $230) says EXPE has observed longer lengths of stay and extended booking windows, indicating signs of a healthier consumer demand
Oppenheimer (lifts PT to $290 from $250) says co is seeing healthy nights demand with U.S. accelerating, international strength, premium travel continuing to perform well and longer stays and booking windows
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