There's a mixed perspective on Expedia Stocks (EXPE). It has seen decreased stock values of 11% this year. However, reaffirmation by BMO Capital Markets and new acquisitions by Apollon Wealth Management and International Assets Investment Management LLC show some confidence in EXPE's potential. Albeit with dipped values following Q1 results, there is anticipation towards an upwards trend with increased travel bookings and rosy Wall Street strategies surrounding its upcoming Q1 earnings.
The soft bookings outlook indicates there's plenty to work through causing lowered guidance on the stock. Several institutions have cut their positions in EXPE, amid uncertainties surrounding the company's soft bookings and the surprise CEO change. On the flip side, record revenue reported recently and the announcement of a stock buyback pushed the stock significantly higher. Despite warnings about softening air fares that led to a slump in stock, Goldman Sachs considers the company a top stock to watch. That said, many still see the stock as undervalued with plenty of upside potential. While some financial experts are maintaining a neutral outlook on the stock, others have downgraded their forecasts in consideration of EXPE's weaker bookings.
Expedia Stocks EXPE News Analytics from Fri, 03 Nov 2023 07:00:00 GMT to Wed, 15 May 2024 16:57:34 GMT - Rating -1 - Innovation 2 - Information 8 - Rumor 4
