에 대한 최신 뉴스 Expedia Group (NASDAQ:EXPE) 주식

Expedia Group

Expedia is the world's second-largest online travel agency by bookings, offering services for lodging (80% of total 2023 sales), air tickets (3%), rental cars, cruises, in-destination, and other (11%), and advertising revenue (6%). Expedia operates a number of branded travel booking sites, but its three core online travel agency brands are Expedia, Hotels.com, and Vrbo. It also has a metasearch brand, Trivago. Transaction fees for online bookings account for the bulk of sales and profits.

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익스피디아 그룹(NASDAQ:EXPE)의 주가는 회사의 2분기 재무 결과에 뒤이어 목요일 시간외 거래에서 11% 이상 상승했다.이번 분기의 주요 내용은 다음과 같다.

익스피디아 그룹의 주식은 양호한 2분기 실적에 애프터마켓에서 11% 이상 상승

Expedia Group Inc

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Expeditors International of Washington, Inc. Common Stock

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Expert .AI SpA

Expedia Group&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/expe#NASDAQ">EXPE</a>) shares have gained 14.7% in the past month compared with the Zacks Internet Commerce industry&#39;s return of 7.3%. It has also outperformed the Zacks Retail-Wholesale sector&#39;s rally of 6.7% over the same timeframe.
EXPE is benefiting from its strong positioning in the online travel booking space. Its robust B2B, Brand Expedia and advertising businesses along with strength in lodging offerings have been driving its momentum across U.S. and non-U.S. regions.
The company&#39;s plan to integrate generative AI technology into its services, combined with its efforts to enhance its portfolio through expanding partnerships, is anticipated to boost customer engagement in the near term.
Hence, the question investors should consider is whether these efforts will help EXPE sustain its momentum.
Let&#39;s analyze the key near-term drivers of Expedia Group.
<div class="chart_embed">
<h3>Expedia Group, Inc. Price and Consensus</h3>
<img alt="Expedia Group, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/dd/1725545228.png" style="height:279px; width:620px" title="" />
Expedia Group, Inc. price-consensus-chart | Expedia Group, Inc. Quote
</div>
<h3>Expanding Partnerships Drives EXPE Stock&#39;s Prospects</h3>
According to a Statista report, the global travel and tourism market is projected to reach $916 billion in 2024 and $1.11 trillion by 2029, reflecting a CAGR of 4% from 2024 to 2029.
Expedia Group is well-positioned to capitalize on this growth prospect, driven by its expanding network of partnerships.
EXPE recently announced its partnership with Ryanair, Europe&#39;s leading airline, to offer travelers access to Ryanair&#39;s budget-friendly flights. This partnership boosts choice and convenience, providing greater value for travelers looking to enhance their travel experience.
Expedia recently partnered with Alaska Airlines to introduce Stays by Alaska Vacation, a new platform offering exclusive deals and the ability to earn and redeem miles through its loyalty program. This partnership enhances the travel experience of the customers by personalizing every aspect of the trip, from flights to accommodations.
Expedia recently teamed up with Wells Fargo and Mastercard to launch two co-branded credit cards, One Key and One Key+. These cards provide U.S. travelers with greater flexibility and rewards, including OneKeyCash, which can be used on Expedia, Hotels.com, and Vrbo for various travel bookings.
Cardholders can earn OneKeyCash rewards and receive automatic upgrades to the One Key Silver and Gold tiers, offering 15% and 20% savings on over 10,000 hotels worldwide. This new partnership is likely to boost Expedia Group&#39;s popularity among U.S. travelers.
EXPE also joined forces with Cathay to embed its White Label Template technology into Cathay Holidays. This will enhance and customize the travel booking and planning experience for customers.
Expedia partnered with Tourism and Events Queensland, Tourism Tropical North Queensland, Tourism Northern Territory and Brisbane Economic Development Agency to enhance travelers&#39; experiences, improve sustainable tourism and showcase Australia&#39;s unique culture.
EXPE has also partnered with Ikyu, a Japanese luxury hotel booking service, to provide customers with access to over 20,000 additional properties worldwide. This collaboration allows users to earn points for future bookings through EXPE&#39;s Rapid API solutions.
These partnerships are expected to drive top-line growth in the near term. The Zacks Consensus Estimate for third-quarter 2024 revenues is pegged at $4.1 billion, calling for growth of 4.3% year over year.
For 2024, the consensus mark for revenues is pegged at $13.6 billion, indicating a rise of 5.9% in the past year.
<h3>Stiff Competition Hurts EXPE Stock&#39;s Prospects</h3>
Rising competition in the travel and tourism space from major players like TripAdvisor (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trip#NASDAQ">TRIP</a>), Airbnb (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/abnb#NASDAQ">ABNB</a>) and Booking Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bkng#NASDAQ">BKNG</a>) poses a risk to EXPE&#39;s market position.
Although EXPE&#39;s shares have outperformed TRIP, ABNB and BKNG in the past month, their continuous efforts toward bolstering online travel booking platforms are hard to ignore. Shares of TripAdvisor and Airbnb have lost 13.1% and 8.2%, respectively, while Booking Holding&#39;s shares have appreciated 12.7% in the past month.
Tripadvisor&#39;s launch of a new feature that lets members book hotel stays directly within the app, thanks to its partnership with global travel technology provider HTS (Hopper Technology Solutions), remains noteworthy.
Airbnb introduced new features for group bookings, including an Icons category showcasing stays hosted by celebrities from music, film, TV and sports.
Booking Holdings&#39; subsidiary, Priceline, partnered with Cover Genius to improve travel bookings by offering customer-focused travel protection. Travelers can now easily review policies, access support, file claims and receive instant payments through their XCover Account.
<h3>Earnings Estimate Shows Downward Trend</h3>
The Zacks Consensus Estimate for third-quarter 2024 earnings is pegged at $6.07 per share, indicating growth of 12.2% year over year. The estimate has moved down 8.2% in the past 30 days.
For 2024, the consensus mark for earnings is pegged at $11.53 per share, suggesting growth of 18.9% year over year. The figure has been revised downward by 2.5% in the past 30 days.
<h3>What Should Investors Do with EXPE Stock?</h3>
Expedia&#39;s strategic partnerships, strong key offerings, expanding global footprint and drive toward innovation present a compelling investment opportunity.
The company&#39;s Value Score of A suggests reflects a solid opportunity for investors at the moment.
However, stiff competition and greater volatility in travel demands due to macroeconomic uncertainties and geopolitical tensions remain major concerns for EXPE stock. Also, a downward revision in earnings estimates does bode well.
Against this backdrop, existing shareholders should maintain their positions while new investors should wait for a more favorable entry point.
Expedia Group currently carries a Zacks Rank #3 (Hold).
<a href="https://www.zacks.com/stock/news/2332387/expe-up-14-7-in-a-month-should-you-buy-hold-or-sell-the-stock?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2332387">To read this article on Zacks.com click here.</a>

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EXPE Up 14.7% in a Month: Should You Buy, Hold or Sell the Stock?

Truist Securities analyst Greg Miller initiates coverage on Expedia Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) with a Hold rating and announces Price Target of $148.

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Truist Securities Initiates Coverage On Expedia Group with Hold Rating, Announces Price Target of $148

Across the recent three months, 13 analysts have shared their insights on Expedia Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>), expressing a variety of opinions spanning from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">11</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $143.54, with a high estimate of $180.00 and a low estimate of $130.00. This current average has decreased by 0.15% from the previous average price target of $143.75. 
<img src="https://www.benzinga.com/files/images/story/2024/1725544863_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The perception of Expedia Group by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Deepak Mathivanan</td>
<td>Cantor Fitzgerald</td>
<td>Announces</td>
<td>Neutral</td>
<td>$130.00</td>
<td>-</td>
</tr>
<tr>
<td>Shyam Patil</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$145.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Ronald Josey</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$145.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Tom White</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$135.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Brad Erickson</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$140.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Ken Gawrelski</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$130.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Daniel Kurnos</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$180.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>Lloyd Walmsley</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$137.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Scott Devitt</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Neutral</td>
<td>$130.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Thomas Champion</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$140.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Trevor Young</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$134.00</td>
<td>$138.00</td>
</tr>
<tr>
<td>Ken Gawrelski</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$140.00</td>
<td>$137.00</td>
</tr>
<tr>
<td>Daniel Kurnos</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$180.00</td>
<td>$180.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Expedia Group. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Expedia Group compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Expedia Group's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Expedia Group's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/EXPE/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Expedia Group analyst ratings.</a>
<h2>Delving into Expedia Group's Background</h2>
Expedia is the world's second-largest online travel agency by bookings, offering services for lodging (80% of total 2023 sales), air tickets (3%), rental cars, cruises, in-destination, and other (11%), and advertising revenue (6%). Expedia operates a number of branded travel booking sites, but its three core online travel agency brands are Expedia, Hotels.com, and Vrbo. It also has a metasearch brand, Trivago. Transaction fees for online bookings account for the bulk of sales and profits.
<h3>Breaking Down Expedia Group's Financial Performance</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Expedia Group displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 5.96%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Expedia Group's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 10.85%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Expedia Group's ROE excels beyond industry benchmarks, reaching 43.4%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 1.52%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Expedia Group's debt-to-equity ratio stands notably higher than the industry average, reaching 7.37. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Analyst Ratings: What Are They?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 13 Analyst Projections For Expedia Group

Cantor Fitzgerald analyst Deepak Mathivanan initiates coverage on Expedia Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) with a Neutral rating and announces Price Target of $130.

Cantor Fitzgerald Initiates Coverage On Expedia Group with Neutral Rating, Announces Price Target of $130

Expedia Group's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NYSE">EXPE</a>) short percent of float has risen 17.71% since its last report. The company recently reported that it has 7.07 million shares sold short, which is 6.38% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.33 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Expedia Group Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724939122_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Expedia Group has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Expedia Group's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Expedia Group's peer group average for short interest as a percentage of float is 6.97%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Short Ideas

(EXPE) - Analyzing Expedia Group's Short Interest

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DLTH

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RMBL

SNBR

TLYS

Shares of retail companies are trading higher following strong New Home Sales economic data for July. Also, these companies may be moving in sympathy with the market after Fed Chair Powell offered an optimistic U.S. economic outlook and indicated future rate cuts.

A substantial insider sell was reported on August 20, by Lance Soliday, SVP &amp; Chief Accounting Officer at Expedia Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>), based on the recent SEC filing.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001324424/000122520824008106//Archives/edgar/data/1324424/000122520824008106/0001225208-24-008106-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday outlined that Soliday executed a sale of 5,725 shares of Expedia Group with a total value of $770,454.
As of Wednesday morning, Expedia Group shares are up by 0.29%, currently priced at $133.91.
<h3>All You Need to Know About Expedia Group</h3>
Expedia is the world's second-largest online travel agency by bookings, offering services for lodging (80% of total 2023 sales), air tickets (3%), rental cars, cruises, in-destination, and other (11%), and advertising revenue (6%). Expedia operates a number of branded travel booking sites, but its three core online travel agency brands are Expedia, Hotels.com, and Vrbo. It also has a metasearch brand, Trivago. Transaction fees for online bookings account for the bulk of sales and profits.
<h3>Understanding the Numbers: Expedia Group's Finances</h3>
Revenue Growth: Expedia Group's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 5.96%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 89.83%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 2.92, Expedia Group showcases strong earnings per share.
</li>
</ul>
Debt Management: Expedia Group's debt-to-equity ratio surpasses industry norms, standing at 7.37. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 24.06 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 1.44 is lower than the industry average, implying a discounted valuation for Expedia Group's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Indicated by a lower-than-industry-average EV/EBITDA ratio of 8.72, the company suggests a potential undervaluation, which might be advantageous for value-focused investors.
</li>
</ul>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
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<h3>Unmasking the Significance of Insider Transactions</h3>
While insider transactions should not be the sole basis for making investment decisions, they can play a significant role in an investor's decision-making process.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Cracking Transaction Codes</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001324424">Check Out The Full List Of Expedia Group's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

SVP & Chief Accounting Officer Of Expedia Group Sold $770K In Stock

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Alaska Airlines Partners With Expedia Group To Launch Stays By Alaska Vacations

AFRM

A Glimpse Into The Expert Outlook On Expedia Group Through 15 Analysts

Susquehanna analyst Shyam Patil maintains Expedia Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) with a Neutral and raises the price target from $125 to $145.

Susquehanna Maintains Neutral on Expedia Group, Raises Price Target to $145

Citigroup analyst Ronald Josey maintains Expedia Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) with a Neutral and raises the price target from $140 to $145.

Citigroup Maintains Neutral on Expedia Group, Raises Price Target to $145

DA Davidson analyst Tom White maintains Expedia Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) with a Neutral and maintains $135 price target.

DA Davidson Maintains Neutral on Expedia Group, Maintains $135 Price Target

The S&amp;P 500 index rose 0.4% to close at 5,344 points on Friday, notching its second consecutive day of gains and fully wiping out the weekly losses in what initially appeared to be a sharply <a href="https://www.benzinga.com/markets/equities/24/08/40294123/wall-street-takes-roller-coaster-ride-as-economic-data-shifts-mortgage-rates-decline-trump-press">bearish and volatile week. </a>
On Monday, the S&amp;P 500 opened more than 5% lower than the previous Friday&#8217;s close as recession fears reverberated through the markets. Bulls then regained momentum in the aftermath of a panicked Monday, bolstered by a series of positive catalysts that calmed volatility and alleviated economic fears.
On Wednesday, the dovish stance of the Bank of Japan curbed short-covering flows into the yen, halting the unwinding of the carry trade that was dangerously draining liquidity from riskier assets.
On Thursday, lower-than-expected weekly jobless claims reassured investors that concerns over a rising unemployment rate in July might have been overblown, as temporary factors likely played a role.
The Nasdaq 100, as tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), rose 0.6% to 18,513 points on Friday, ending the week up 0.4% and snapping a four-week losing streak.
On Thursday, Richmond Fed President Tom Barkin confirmed that fears of labor market layoffs might be exaggerated, noting that his business contacts report neither significant hiring nor firing activity.
Boston Fed President Susan Collins suggested that it may soon be appropriate to start easing monetary policy if economic data continues as she expects.
Interest rate markets now assign a 50-50 probability to either a 25-basis-point or 50-basis-point rate cut in September, according to the CME Group&#8216;s FedWatch tool. This marks a sharp reassessment, as traders had fully priced in the larger rate cut at the beginning of the week amid recession fears.
Friday&#8217;s major gainers in the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) were: 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Akamai Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>)</td>
<td>10.8%</td>
</tr>
<tr>
<td>Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>)</td>
<td>10.2%</td>
</tr>
<tr>
<td>Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>)</td>
<td>5.6%</td>
</tr>
<tr>
<td>Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>)</td>
<td>4.4%</td>
</tr>
<tr>
<td>Take-Two Interactive Software, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>)</td>
<td>4.3%</td>
</tr>
</tbody>
</table>
</figure>
Friday&#8217;s top performing stocks within the Nasdaq 100 index were: 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>)</td>
<td>12.4%</td>
</tr>
<tr>
<td>Palo Alto Networks, Inc.</td>
<td>4.4%</td>
</tr>
<tr>
<td>Take-Two Interactive Software, Inc.</td>
<td>4.3%</td>
</tr>
<tr>
<td>Monster Beverage Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>)</td>
<td>2.3%</td>
</tr>
<tr>
<td>Synopsys, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>)</td>
<td>2.0%</td>
</tr>
</tbody>
</table>
</figure>
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Illustration generated using artificial intelligence via MidJourney.

S&P 500 Erases Weekly Losses, Nasdaq 100 Ends 4-Week Slide As Bulls Regain Momentum: Friday's Stock Movers At The Close

RBC Capital analyst Brad Erickson reiterates Expedia Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) with a Sector Perform and maintains $140 price target.

Reiteration

RBC Capital Reiterates Sector Perform on Expedia Group, Maintains $140 Price Target

After a blistering Thursday that saw the S&amp;P 500 close with its best session in nearly two years — up 2.3% — Wall Street&#8217;s price action turned sluggish on a Friday lacking <a href="https://www.benzinga.com/topic/interest-rates">market-moving economic events.</a>
By midday in New York, major indices were slightly positive or hovering around the flat line, signaling a slowdown in the bullish sentiment compared to the previous session.
Since the beginning of the week, the S&amp;P 500 is down 0.5%, with a few hours of trading left to determine whether the U.S. stock market can avoid closing in the red for the fourth consecutive week.
Meanwhile, there's a renewed demand for long-dated U.S. Treasury bonds, with yields declining by about 6 basis points on both the 10-year and 30-year notes. As a result, the popular iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) rallied 1%, snapping a three-session losing streak.
The dollar slightly weakened, slipping 0.5% against the Japanese yen after three consecutive days of gains.
Traders now see nearly equal odds of a 50-basis-point or a 25-basis-point rate cut by the Federal Reserve in September, according to the CME Group&#8217;s FedWatch tool.
In commodities, oil is up 0.7%, with West Texas Intermediate (WTI) light crude poised for its third consecutive session of gains.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) plunged 2% after rallying nearly 12%, marking its best-performing day since February 2022.
<h1 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices </td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,329.24</td>
<td>0.2%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,426.22</td>
<td>0.1 %</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>39,435.12</td>
<td>0.0%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,075.91</td>
<td>-0.5%</td>
</tr>
</tbody>
</table>
</figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent080924&amp;t=be2bearmibe3na1">Benzinga Pro</a> data: 
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;rose 0.2% to $531.66.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;was flat at $394.74.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) inched 0.2% higher to $448.94.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.5% to $205.88.</li>
<li>The Health Care Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) outperformed, up by 0.4%. The Industrial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) lagged, down by 0.2%.</li>
</ul>
<h1 class="wp-block-heading">Friday&#8217;s Stock Movers</h1>
<ul>
<li>Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) climbed 1.5%, building on the previous day&#8217;s 11% surge following the announcement of a partnership with Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>) to deliver advanced cloud, artificial intelligence, and analytics capabilities to U.S. defense and intelligence agencies. Shares of Palantir are on track to close at the highest level since February 2021.</li>
<li>Eli Lilly &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) surged over 6% after several investment banks raised their price targets, following a strong earnings report last quarter. </li>
<li>Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) declined over 1% after revealing plans for thousands of job cuts, marking its second round of layoffs this year, as the company redirects its focus toward fast-growing sectors such as cybersecurity and artificial intelligence, Reuters reported.</li>
</ul>
Stocks reacting to company earnings are:
<ul>
<li>Akamai Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) up 10%,</li>
<li>CarGurus, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARG#NASDAQ">CARG</a>) up 18%, </li>
<li>Dropbox, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBX#NASDAQ">DBX</a>) up 2.3%,</li>
<li>elf Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) down 15%,</li>
<li>Evergy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVRG#NASDAQ">EVRG</a>) down 0.7%,</li>
<li>Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) up 9%,</li>
<li>Five9, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) down 26%,</li>
<li>Gilead Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>) down 3%,</li>
<li>Insulet Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PODD#NASDAQ">PODD</a>) down over 7%,</li>
<li>New Fortress Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFE#NASDAQ">NFE</a>) down 26%,</li>
<li>Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) up 0.5%,</li>
<li>Take-Two Interactive Software, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) up 2.5%,</li>
<li>Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) up 9.7%,</li>
<li>Unity Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) up 11%,</li>
<li>Yelp Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YELP#NYSE">YELP</a>) up 2.6%. </li>
</ul>
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Wall Street Momentum Stalls After Thursday's Rally, Palantir Jumps To 3-Year Highs, Bonds Rally: What's Driving Markets Friday?

U.S. stocks were mixed, with the Dow Jones index gaining around 0.1% on Friday.
Shares of Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) rose sharply during Friday's session after the company reported<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40288024/expedias-q2-triumph-analysts-highlight-vrbo-as-bright-spot-praise-growth-in-busines"> better-than-expected second-quarter financial results.</a>
Expedia Group reported quarterly earnings of $3.51 per share which beat the analyst consensus estimate of $3.06 per share. The company reported quarterly sales of $3.558 billion which beat the analyst consensus estimate of $3.534 billion.
Expedia Group shares jumped 9.4% to $129.02 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Blend Labs, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLND#NYSE">BLND</a>) gained 32% to $3.55 after the company reported better-than-expected second-quarter financial results. Also, William Blair upgraded the stock from Market Perform to Outperform.</li>
<li>Doximity, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCS#NYSE">DOCS</a>) gained 31.6% to $33.82 after the company reported better-than-expected first-quarter financial results. Additionally, the company issued FY24 revenue guidance above estimates.</li>
<li>ADMA Biologics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADMA#NASDAQ">ADMA</a>) shares surged 29.5% to $15.80 after the company reported better-than-expected second-quarter financial results and raised its FY24 and FY25 revenue guidance above estimates.</li>
<li>Sweetgreen, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SG#NYSE">SG</a>) climbed 26.2% to $33.13 after the company reported better-than-expected second-quarter revenue results.</li>
<li>Evolent Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVH#NYSE">EVH</a>) rose 24.2% to $25.92 after the company reported better-than-expected quarterly financial results. Also, Truist Securities upgraded the stock from Hold to Buy and raised its price target from $28 to $33.</li>
<li>Iovance Biotherapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IOVA#NASDAQ">IOVA</a>) gained 20.2% to $9.54 after the company reported better-than-expected second-quarter financial results and issued third-quarter product revenue guidance above estimates.</li>
<li>CarGurus, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARG#NASDAQ">CARG</a>) gained 18.2% to $26.48 after the company reported better-than-expected second-quarter financial results and issued third-quarter non-GAAP EPS guidance above estimates.</li>
<li>IAMGOLD Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) gained 15.6% to $4.2550 after the company reported better-than-expected second-quarter financial results.</li>
<li>Genpact Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/G#NYSE">G</a>) rose 14.9% to $37.23 after the company reported better-than-expected second-quarter financial results and issued FY24 revenue guidance above estimates. Also, the company raised its FY24 EPS guidance above estimates.</li>
<li>Paymentus Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAY#NYSE">PAY</a>) climbed 13.7% to $22.19 after the company reported better-than-expected second-quarter financial results and issued FY24 revenue guidance above estimates.</li>
<li>DigitalOcean Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCN#NYSE">DOCN</a>) rose 13.4% to $32.99 after the company reported better-than-expected second-quarter financial results and issued FY24 revenue guidance above estimates.</li>
<li>Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) gained 12.2% to $5.35 after the company reported better-than-expected second-quarter financial results. Also, the company announced it hot fired its new rocket engine Archimedes for the first time.</li>
<li>Akamai Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) rose 11.3% to $101.91 after the company reported better-than-expected second-quarter financial results.</li>
<li>Avidity Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNA#NASDAQ">RNA</a>) gained 10.6% to $46.31.</li>
<li>The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) rose 9.6% to $96.81 after the company reported better-than-expected second-quarter financial results and issued third-quarter revenue guidance above estimates. Also, Keybanc and Susquehanna raised their respective price targets on the stock.</li>
<li>DXC Technology Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DXC#NYSE">DXC</a>) climbed 7.2% to $19.64 after the company reported better-than-expected quarterly financial results..</li>
<li>Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) gained 5.8% to $894.83.</li>
</ul>
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Expedia Posts Upbeat Earnings, Joins Akamai Technologies, Trade Desk, DXC Technology And Other Big Stocks Moving Higher On Friday

Wells Fargo analyst Ken Gawrelski maintains Expedia Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) with a Equal-Weight and lowers the price target from $140 to $130.

Wells Fargo Maintains Equal-Weight on Expedia Group, Lowers Price Target to $130

Benchmark analyst Daniel Kurnos reiterates Expedia Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) with a Buy and maintains $180 price target.

Benchmark Reiterates Buy on Expedia Group, Maintains $180 Price Target

Shares of Expedia Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) skyrocketed in early trading on Friday, after the company reported <a href="https://www.benzinga.com/news/earnings/24/08/40270667/expedia-group-q2-earnings-revenue-beat-eps-beat-softening-travel-demand-in-july-and-more">upbeat second-quarter earnings</a>.
The results came amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
Goldman Sachs On Expedia Group
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/587e33195064ed000173030b/eric-sheridan">Analyst Eric Sheridan</a> maintained a Buy rating, while raising the price target from $182 to $200.
Expedia reported "solid" second-quarter results, with higher-than-expected gross bookings that were "driven more by room nights than ADRs," Sheridan said in a note. The company delivered a revenue beat on the back of strong B2B growth, he added.
Expedia's margins were also better than expected, the analyst stated. "Similar to other covered companies in online travel, EXPE mgmt flagged softness in travel demand in July due to macroeconomic conditions," while projecting 4% year-on-year growth in gross bookings, 6% in revenues, and stable adjusted EBITDA margins in 2024.
Wedbush On Expedia Group
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58459503ee7bf6000154d075/scott-devitt">Analyst Scott Devitt</a> reiterated a Neutral rating, while lifting the price target from $125 to $130.
Despite strong second-quarter results, Expedia provided disappointing guidance for the third quarter and the full year, Devitt said. Room night growth of 10% year-on-year came in around 200 basis points (bps) higher than Street estimates, with 20% growth in the Brand Expedia segment, "while Vrbo was also a bright spot," he added.
Outperformance in the second quarter "should partially offset weaker demand trends" in the back half of the year, the analyst stated. "As a result, on a full-year basis, our 2024 room night growth estimate moves down by less than 1%," which is a more modest revision compared to the estimates for Booking Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>) and Airbnb Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), he further said.
Piper Sandler On Expedia Group
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6203b5d2e008470001d757b2/rufus-hone">Analyst Thomas Champion</a> reaffirmed a Neutral rating, while cutting the price target from $145 to $140.
While second-quarter results were above expectations, the full year guidance was lowered again, Champion said. Despite this, the stock rose around 10% in the after-hours session, which indicates that investors "view the commentary as conservative," he added.
Bookings came in at $28.8 billion, with growth accelerating to 6% year-on-year, from 3% in the first quarter, the analyst stated. "B2B continues to be strong and VRBO declines did slow in the quarter, but EXPE did talk to consumer weakness that emerged in July in particular in the U.S.," he further wrote.
Considering buying Expedia stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/EXPE/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="376" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/09111441/expe-analysts-1024x376.png" alt="" class="wp-image-487186" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/09111441/expe-analysts-1024x376.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/09111441/expe-analysts-300x110.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/09111441/expe-analysts-768x282.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/09111441/expe-analysts.png 1033w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
RBC Capital Markets On Expedia Group
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58ecd4830bd9910001845462/brad-erickson">Analyst Brad Erickson</a> maintained a Sector Perform rating and price target of $140.
Expedia's second-quarter report represents a substantial sequential improvement, "though partially dampened by the Q3 macro softness others in the space have spoken to," Erickson said. The headline was grabbed by Vrbo, which "finally returned to growth," after being a &#8220;key overhang on the stock,&#8221; he added.
Over the past two year, the company has been underperforming its peers on bookings and room nights "and so at some point, reversion seemed inevitable," the analyst stated. "Forward execution will obviously decide what exactly this is but we&#8217;d expect some investors to question durability of this recovery," he further wrote.
Oppenheimer On Expedia Group
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58ef86f00bd9910001e5afe6/jed-kelly">Analyst Jed Kelly</a> reiterated a Perform rating and price target of $155.
Vrbo grew in June, "implying the segment is benefiting from early marketing initiatives and easing comps," Kelly said. Expedia's full-year guidance implies revenue growth of around 6% year-on-year in the fourth quarter, which sets the bar into 2025, during which the B2B segment is expected to sustain double-digit growth and stable Vrbo nights, he added.
"Faster growing B2B segment is benefiting gross margins (+190bps y/y) but its revenue share agreements are driving a fair amount of direct marketing deleverage (-300bps y/y)," the analyst further wrote.
Benchmark On Expedia Group
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58d3cdb7b85e930001808a59/daniel-kurnos">Analyst Daniel Kurnos</a> reaffirmed a Buy rating and price target of $180.
"After a slew of weak reports," Expedia reported "a surprisingly good quarter," Kurnos said. The headlines were room-night growth of 10%, including 20% growth at Brand Expedia, and Vrbo's return to growth by the end of the quarter, he added.
Although this was not a "blowout quarter by any means," the company recorded the fastest growth rate since the first quarter of 2023, the analyst stated.
EXPE Price Action: Shares of Expedia Group were up 8.3% to $127.76 at the time of publication on Friday.
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