Cantor Fitzgerald Increases Price Target and Estimates of Expedia (EXPE)

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Analysts at Cantor Fitzgerald boosted the price target and earnings estimates for online travel agency Expedia Inc ( EXPE ) on Monday.

Cantor analysts now see shares of Expedia reaching $70, a +18.7% upside from Friday's closing price of $58.99. The firm maintains a "Buy" rating for EXPE.

Expedia's earnings estimates were also increased at Cantor following positive channel checks.

Expedia shares were flat in premarket trading on Monday. The stock is up +103.27% year-to-date.

The Bottom Line
Shares of Expedia ( EXPE ) have a .88% dividend yield, based on Friday's closing stock price of $58.99. The stock has technical support in the $54-$55 price area. The stock is trading near the 52-week high level of $62 a share.

Expedia Inc ( EXPE ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Stocks


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