Expedia’s Travel Momentum Grows, But Analysts Await Clearer Signs Of Long-Term Upside

Travel technology company Expedia Group Inc. (NASDAQ:EXPE) reported better-than-expected fourth-quarter earnings. The following are comments by different analysts on the company’s performance.

BofA Securities analyst Justin Post reiterated a Buy rating on the shares and raised the price forecast from $221.00 to $250.00.

In the fourth quarter, bookings reached $24.4 billion, surpassing the Street’s estimate of $23.2 billion, with continued growth in Vrbo bookings and a slight rebound at Hotels.com. Revenue of $3.18 billion exceeded the Street’s forecast of $3.07 billion, and EBITDA of $643 million also beat expectations of $577 million.

According to the analyst, the company has improved its brand execution under the new management team.

Given last year’s miss, typical travel and FX fluctuations, and a new C-suite leadership, a cautious full-year forecast is understandable, said…