EXPE - Expedia's AI Integration And Efficient Tech To Propel Growth Says Analyst | Benzinga
Oppenheimer analyst Jed Kelly reiterated an Outperform rating on the shares of Expedia Group Inc (NASDAQ: EXPE) and raised the price target from $135 to $175.
The analyst expects lodging bookings to increase 10% and 8% Y/Y in FY24 and FY25, respectively, compared to a 9% growth in Q4 FY23.
Potential upside from the tech migration generating higher conversions, easing Vrbo comps, and re-entering key European markets might be beneficial, adds the analyst.
The analyst sees advertising leverage benefiting from a higher direct traffic in core B2C Markets ...