- The shares of Expedia Group Inc (NASDAQ: EXPE) have received a $216 price target from Piper Sandler. These are the details.
The shares of Expedia Group Inc (NASDAQ: EXPE) have received a $216 price target from Piper Sandler. And Piper Sandler analyst Thomas Champion upgraded Expedia to an “Overweight” rating from a “Neutral” rating while increasing the price target from $197.
Champion noted that while omicron headlines have clouded the picture, the longer-duration trajectory remains one of steady recovery. And Champion expects travel in the U.S. in 2022 to look much closer to 2019 levels than it did in 2020 and 2021.
Plus Champion believes this setup favors Expedia in 2022. And Champion expects a tailwind from continued normalization of travel trends to pre-COVID levels and an improved cost structure for the company.
Going forward, Champion also sees an undemanding valuation versus peers.
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