Piper Sandler raises Expedia stock price target to $190 from $135

Investing.com - Piper Sandler has raised its price target on Expedia (NASDAQ:EXPE) to $190.00 from $135.00 while maintaining an Underweight rating on the stock. The stock, currently trading at $187.61, has delivered an impressive 59.75% return over the past year. According to InvestingPro data, analyst targets for the stock range from $160 to $290.

The adjustment follows Expedia’s second-quarter results, which exceeded market expectations with bookings 2% above Street estimates and revenues surpassing forecasts by 7%.

Piper Sandler noted that revenue accelerated across all segments, with ongoing execution improvements in the company’s B2B and advertising businesses.

The firm observed that the high-end U.S. consumer remains strong, while lower-end consumers are showing more caution in their spending habits.

Despite the price target increase, Piper Sandler maintained its Underweight rating, citing concerns about Expedia’s B2C segment growing only at low single digits and increasingly difficult year-over-year comparisons expected through the remainder of the year.

In other recent news, Expedia reported impressive financial results for the second quarter of 2025, surpassing analysts’ expectations. The company achieved an earnings per share of $4.24, compared to the forecasted $3.96, while its revenue reached $3.79 billion, exceeding the anticipated $3.7 billion. In addition to these strong earnings, Expedia experienced accelerated growth in room nights, increasing by 7% year-over-year, with notable strength in its B2B segment in Asia and Europe. UBS responded to these developments by raising its price target for Expedia to $209, maintaining a Neutral rating. Meanwhile, BofA Securities increased its price target to $240, retaining a Buy rating based on improved top-line growth prospects. These recent developments highlight Expedia’s robust performance and the positive outlook from analysts.

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