The EXPE stock of Expedia Group, a global travel company, has shown significant activity in recent months. The company was involved in mixed Q3 results alongside Airbnb, and although Expedia's stock jumped, Airbnb's tumbled. Despite the mixed results, Expedia's 'One Key' program is believed to have played a part in driving a 60% stock surge.
Furthermore, Morgan Stanley increased its price target of EXPE to $180.00. Several firms and financial bodies such as Integrated Investment Consultants LLC, Natixis Advisors LLC and Pacer Advisors, among others, have invested heavily in Expedia's stock, showcasing great confidence in the company. Meanwhile, DA Davidson and BTIG Research Analysts expect a rise in the stock price of Expedia.
However, Expedia's Q3 sales targets were missed, causing a decline in the full-year outlook. Despite this, there are rumors of Uber acquiring Expedia, following which Expedia's stock soared. It's also worth noting that Expedia's stock hit a 2-year high on this buyout buzz and was upgraded to 'Strong-Buy' at StockNews.com.
In spite of this positive outlook, some insiders sold $4.7m in stock, hinting at possible weaknesses or uncertainties surrounding the future of Expedia's stock performance.
Expedia Stocks EXPE News Analytics from Fri, 03 May 2024 07:00:00 GMT to Fri, 22 Nov 2024 19:19:39 GMT - Rating 6 - Innovation 2 - Information 7 - Rumor -6
