Expedia rises after Jefferies upgrades to 'buy'

Expedia

30/03/2026 13:28

** Shares of online travel company Expedia Group EXPE.O rise 2.5% to $231.50 premarket

** Jefferies upgrades EXPE's rating to "buy" from "hold"; raises price target to $300 from $240

** New PT represents a 32.9% upside to stock's last close

** Brokerage says EXPE's continued delivery of high-single-digit plus lodging bookings growth and 100+ basis points of annual EBITDA margin expansion reinforce its confidence in the stock

** Adds that EXPE's recent acceleration in business‑to‑consumer lodging, positive demand signals across U.S. travel and elevated traffic growth support its constructive outlook

** Jefferies says EXPE is set to benefit from more than three-year period of 20%+ earnings growth, with upside from a higher valuation multiple

** Median PT of 38 brokerages covering the stock is $268.50 - data compiled by LSEG

** As of last close, EXPE was down 20.3% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))