#5 - Expedia (NASDAQ:EXPE)
Americans may be looking to make a dent in those dollars they’ve set aside for travel savings. But with inflation on the rise, they’ll be looking to make those dollars stretch as far as they can. That supports the bullish case for Expedia (NASDAQ:EXPE). The online travel shopping company’s stock is up 329% since hitting its pandemic-induced low in March 2020.
On the one hand, EXPE stock is now trading higher than it did before the flight to value began in November. However, the stock has a high price/earnings and forward price/earnings. It’s also hitting technical levels of resistance that could make investors concerned that the stock’s growth is fully priced in.
We don’t think so. There’s nothing to indicate that consumers stayed away from traveling for any other reason than their options were limited. Barring a resurgence of a more complicated variant, travel demand is likely to be strong. And that makes it likely that Expedia will meet forecasts for higher earnings and revenue.
About Expedia Group
Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.
Read More - Current Price
- $184.75
- Consensus Rating
- Hold
- Ratings Breakdown
- 10 Buy Ratings, 20 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $169.70 (8.1% Downside)
