Cantor Fitzgerald reported on Wednesday that it has reaffirmed a “Buy” rating on travel services company, Expedia Inc (EXPE).
The firm has reiterated a “Buy” rating and $77 price target. This price target suggests a 18% upside to the stock’s current price of $63.
An analyst from the firm commented, “we’re reiterating our BUY on Expedia as our checks show robust growth in paid clicks for Expedia.com in Jan./Feb., indicating that the company continues to spend aggressively on performance-based channels to leverage site improvements to drive booking growth. With hotel fundamentals relatively unchanged (Q/Q) across the U.S. and Europe, we view the data positively for room-night and revenue growth in 1Q.”
Expedia shares were up 47 cents, or 0.75% during Wednesday morning trading. The stock has increased 86% in the past year.
The Bottom Line
Shares of Expedia Inc (EXPE) have a 0.82% yield, based on Wednesday mornings price of $63.16.
Expedia Inc (EXPE) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.