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Investing.com - Bernstein SocGen Group raised its price target on Expedia (NASDAQ:EXPE) to $210.00 from $162.00 on Monday, while maintaining a Market Perform rating following the company’s better-than-expected second-quarter results. According to InvestingPro data, 10 analysts have recently revised their earnings estimates upward, with analyst targets ranging from $168 to $290.
The travel booking platform defied concerns about a soft U.S. consumer environment, with its business-to-consumer segment returning to growth. According to Bernstein, Expedia has gained market share in both accommodation and flight bookings.
Expedia’s quarterly performance exceeded analyst expectations, with revenue beating consensus by 2% and earnings per share coming in 4% above forecasts. The results prompted modest upgrades to revenue and gross bookings estimates of approximately 1%.
The stock jumped 17% in pre-market trading following the earnings announcement, reflecting positive investor reaction despite the relatively modest beats and forecast adjustments.
Bernstein attributed its higher price target to increased EBITDA projections, a lower share count, and a higher multiple based on improved growth expectations and cash generation, though the firm maintained its Market Perform rating, suggesting limited additional upside from current levels.
In other recent news, Expedia’s second-quarter 2025 financial results have prompted several analysts to adjust their price targets for the company. DA Davidson raised its price target to $218, highlighting a 6% increase in revenues and a 16% growth in adjusted EBITDA, with margins expanding to 24.0%. Benchmark also increased its target to $265, citing an uptick in travel demand, particularly in the United States. RBC Capital set its target at $200, noting the results were slightly better than expected despite concerns from other travel companies. Piper Sandler raised its target to $190, acknowledging that bookings and revenues surpassed market expectations. UBS increased its price target to $209, driven by accelerated room nights growth and strong performance in Expedia’s B2B segment, especially in Asia and Europe. These adjustments reflect the company’s recent performance and the analysts’ varied perspectives on its future prospects.
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