Baird analyst Michael Bellisario last night initiated coverage of Expedia (EXPE) with an Outperform rating and $225 price target Expedia’s business model has been transformed recently and “disruption has occurred,” but the turnaround story is in process, the analyst tells investors in a research note. The firm says that while execution risks and competitive threats exist, expectations are low and the stock’s valuation is discounted. A share re-rating is possible when Expedia’s growth accelerates and margins improve, contends Baird.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on EXPE:
- Expedia initiated with an Outperform at Baird
- Expedia price target raised to $180 from $150 at Morgan Stanley
- Expedia price target raised to $190 from $135 at DA Davidson
- Expedia price target raised to $190 from $145 at Susquehanna
- Expedia price target raised to $165 from $145 at BMO Capital
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
