- Argus launches coverage on Expedia (EXPE +0.5%) with a Buy rating. Key snippets from the firm's note are posted below.
- "We expect Expedia to benefit from growth in online travel bookings for air, rail, cruise, hotel, rental car and vacation packages in Asia, Europe and the U.S."
- "We expect Expedia's share of the global market for travel bookings to grow from 6% in 2016 to 8%-9% in 2020."
- "Our target of $178 implies a potential total return of 21% including the dividend."
- Source: Analyst note
Argus positive on Expedia
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Symbol | Last Price | % Chg |
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EXPE | - | - |
Expedia Group, Inc. |