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A number of firms have modified their ratings and price targets on shares of Expedia (NASDAQ: EXPE) recently:

  • Expedia had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $92.00 price target on the stock, up previously from $80.00.
  • Expedia had its price target raised by analysts at Oppenheimer from $90.00 to $92.00.
  • Expedia had its price target raised by analysts at RBC Capital from $80.00 to $90.00.
  • Expedia was upgraded by analysts at Deutsche Bank to a “hold” rating. They now have a $80.00 price target on the stock, up previously from $70.00. They wrote, “Expedia reported a big beat and raise quarter in 2Q, up against very high expectations. Room night growth accelerated in both domestic and intern’l from Travelocity/Easter and easy comps with last year’s Tripadvisor and eLong/Qunar issues. We are encouraged by the progress and the growth, but the 2H14 guidance assumes mid-teens growth, or around 12% ex-Travelocity, which we estimate is organic growth. We have missed most of the move at EXPE since mid-2013, and while we increase our estimates, we believe that most of the strong performance is priced in at 18x non-GAAP EPS and 11x EBITDA.”
  • Expedia was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating. They now have a $100.00 price target on the stock.
  • Expedia had its “hold” rating reaffirmed by analysts at Jefferies Group. They now have a $85.00 price target on the stock, up previously from $70.00.
  • Expedia had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $83.00 price target on the stock. Zacks‘ analyst wrote, “Expedia, Inc., one of the leading online travel companies in the world, reported strong first quarter results, beating our estimates on both the top and bottom lines. Order growth remained strong in the quarter, helped by a stronger travel market all over the world, contribution from the VIA and Trivago acquisitions, as well as the strategic expansion in Asia. The agency business looks good, which is no doubt benefiting from the ETP initiative. While we continue to believe in management’s growth strategy across markets, we think that the increasing competition in the domestic market and lack of ADR growth in emerging markets make margin expansion difficult. We therefore maintain our Neutral rating on Expedia shares. “
  • Expedia had its price target raised by analysts at Benchmark Co. from $85.00 to $94.00. They now have a “buy” rating on the stock.
  • Expedia had its price target raised by analysts at Susquehanna from $90.00 to $91.00.
  • Expedia had its price target raised by analysts at Evercore Partners from $73.00 to $80.00.
  • Expedia had its price target raised by analysts at Cantor Fitzgerald from $82.00 to $92.00. They now have a “buy” rating on the stock.
  • Expedia had its price target raised by analysts at Ascendiant Capital Markets from $90.00 to $95.00.
  • Expedia had its price target raised by analysts at FBR Capital Markets to $95.00.
  • Expedia was upgraded by analysts at TheStreet to a “buy” rating.
  • Expedia had its price target raised by analysts at Cowen and Company from $80.00 to $90.00. They now have an “outperform” rating on the stock.

Expedia Inc (NASDAQ:EXPE) opened at 84.35 on Wednesday. Expedia Inc has a 1-year low of $45.69 and a 1-year high of $85.96. The stock has a 50-day moving average of $79.82 and a 200-day moving average of $74.37. The company has a market cap of $10.728 billion and a P/E ratio of 34.61.

Expedia, Inc (NASDAQ:EXPE), is an online travel company.

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