Cantor Fitzgerald Increases Price Target and Estimates of Expedia (EXPE)
Analysts at Cantor Fitzgerald boosted the price target and earnings estimates for online travel agency Expedia Inc (EXPE) on Monday.
Cantor analysts now see shares of Expedia reaching $70, a +18.7% upside from Friday’s closing price of $58.99. The firm maintains a “Buy” rating for EXPE.
Expedia’s earnings estimates were also increased at Cantor following positive channel checks.
Expedia shares were flat in premarket trading on Monday. The stock is up +103.27% year-to-date.
The Bottom Line
Shares of Expedia (EXPE) have a .88% dividend yield, based on Friday’s closing stock price of $58.99. The stock has technical support in the $54-$55 price area. The stock is trading near the 52-week high level of $62 a share.
Expedia Inc (EXPE) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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