- Expedia (NASDAQ:EXPE) races 10.44% higher in premarket trading as investors flood back into the travel stock after sentiment going into the report had turned cautious.
- Analysts are also exuding confidence in Expedia, with KeyBanc lifting its price target to $140 and Bank of America Merrill Lynch hiking its PT to $137.
- The online travel sector as a whole is getting a jolt from the Expedia report. Booking Holdings (NASDAQ:BKNG) is up 1.53% premarket, TripAdvisor (NASDAQ:TRIP) is up 1.77% and Trivago (NASDAQ:TRVG) is 2.00% higher.
- Previously: Expedia higher after strong bookings (April 26)