Expedia Stock Price Targets Adjusted by Analysts Post CEO's Alert

Sunday, 11 August 2024, 20:03
Analysts from JPMorgan and Citi have adjusted their price targets for Expedia following a cautionary statement from the CEO regarding the company's performance outlook. JPMorgan views the lowered full-year guidance as more favorable than originally anticipated. On the other hand, Citi indicates that while the 2024 booking forecast aligns with expectations, it fell short of higher projections. Overall, this adjustment reflects a cautious outlook for Expedia's market position moving forward.
Thestreet
Expedia Stock Price Targets Adjusted by Analysts Post CEO's Alert

Overview of Adjustments to Expedia's Stock Targets

JPMorgan analysts believed that the lower full-year outlook was more favorable than initially feared.

Analyst Perspectives

  • CEO's Alert: Recent statements from the CEO raised concerns about future performance.
  • Booking Forecast: Citi noted that Expedia's 2024 booking outlook hit only the low end of its expectations.

This adjustment indicates a cautious sentiment among analysts regarding the company's growth trajectory.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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