Expedia (EXPE) Stock Price: $240 Target And Buy Rating

By Amit Chowdhry ● Jun 13, 2022
  • The shares of Expedia Group Inc (NASDAQ: EXPE) have received a $240 price target from Truist. These are the details.

The shares of Expedia Group Inc (NASDAQ: EXPE) have received a $240 price target from Truist. And Truist analyst Naved Khan is maintaining a “Buy” rating on the shares.

Khan adjusted the rating as part of a broad research note on Online Travel companies. Khan pointed out that travel demand remains on track for a strong recovery over the near term. But based on the results from a survey and analysis of industry data along with traffic trends, Khan sees some degree of consumer sensitivity to inflationary pressure.

Plus Khan pointed out that the stock is attractively valued based on the enterprise value to expected 2023 EBITDA relative to the historical average.

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