Expedia (EXPE) : Analyst Rating Update

Expedia (EXPE) : 17 analysts are covering Expedia (EXPE) and their average rating on the stock is 1.76, which is read as a Buy. 11 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Expedia (EXPE) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Expedia (EXPE) stock is expected to deviate a maximum of $20.05 from the average target price of $139.13 for the short term period. 15 Street Experts have initiated coverage on the stock with the most promising target being $180 and the most muted being $99.

Expedia (NASDAQ:EXPE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $105.35 and $104.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $106.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $106.20, notching a gain of 0.25% for the day. The total traded volume was 1,372,240 . The stock had closed at $105.93 on the previous day.

Also, Equity Analysts at the Atlantic Equities upgrades the rating on Expedia (NASDAQ:EXPE). The brokerage firm has issued a Overweight rating on the shares. The shares were previously rated Neutral. The Analysts at the ratings agency maintains the price target to $130 per share. The rating by the firm was issued on June 20, 2016. The company shares have rallied 1.01% from its 1 Year high price. On Nov 5, 2015, the shares registered one year high at $140.51 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $107.98 and the 200 Day Moving Average price is recorded at $108.76.

Expedia, Inc. (Expedia) is an online travel company. The Company provides travel products and services provided by various lodging properties, airlines, car rental companies, destination service providers, cruise lines and other travel product and service companies. Its segments include Core Online Travel Agencies, which provides a range of travel and advertising services through a range of brands, including Expedia.com and Hotels.com in the United States and localized Expedia and Hotels.com Websites around the world, EAN, Hotwire.com, Travelocity, Venere, Wotif Group, CarRentals.com and Classic Vacations; trivago, which is engaged in sending referrals to online travel companies and travel service providers from its hotel metasearch Websites, and Egencia, which provides managed travel services. In addition, it offers Travelocity, Orbitz, ebookers, HotelClub, and CheapTickets brands and business-to-business offerings, including Orbitz Partner Network and Orbitz for Business.

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