Jefferies raised the firm’s price target on Expedia (EXPE) to $160 from $145 and keeps a Hold rating on the shares. Among the U.S. Internet group, the firm prefers names either skewed to high-income consumers – like DoorDash (DASH) and Uber (UBER) – or with exposure to end-markets nearing inflection – such as ACV Auctions (ACVA), CarGurus (CARG) and Zillow (Z) – the analyst tells investors in a preview. Among the group, Zillow remains the firm’s top overall pick, while Uber is its top large cap pick, the analyst noted.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on EXPE:
- Expedia ready to catch Booking, time to buy travel stock, Barron’s says
- Uber does not need Expedia ‘distraction’ right now, says DA Davidson
- Uber M&A headline reminder of favorable market position, says Raymond James
- Uber said to consider Expedia bid, CSX posts Q3 miss: Morning Buzz
- Uber-Expedia combination ‘could make sense at a high level,’ at Mizuho
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
