TRIP - Analyst Sees 'Improving' Short-Term Rental Market Ahead Of Earnings: What You Need To Know | Benzinga
Oppenheimer released an online travel industry update this week regarding the improving U.S. short-term-rental market. Here’s a look at what you need to know before several big names across the travel and leisure space report earnings in the coming weeks.
Expedia: Oppenheimer named Expedia Group, Inc. (NASDAQ:EXPE) its top pick in the industry due to strength in hotels and data pointing to an improving vacation rental market in 2024. The analyst firm maintained Expedia with an Outperform rating and price target of $175.
Expedia is set to report its fourth-quarter financial results on Thursday after the bell. Analysts expect the company to report earnings of $1.68 per share and quarterly revenue of $2.876 billion.
Airbnb: Oppenheimer maintained Airbnb, Inc. (NASDAQ:ABNB) with a Perform rating, citing mixed investor sentiment stemming from data suggesting accelerated consumer demand for short-term rentals in the first ...