Truist trims Expedia PT, cites concerns over Meta's Muse AI agent

Expedia

30/09/2026 14:29

** Truist cuts online travel co Expedia's EXPE.O PT to $288 from $309; new PT still represents an ~8% upside to the stock's last close
** Brokerage says EXPE's heavier exposure to North American consumers leaves it more vulnerable to investor concerns about potential disruption from Meta Platform's META.O Muse agent
** Downside risks remain "sentiment-driven" at this stage, with the effect of AI agents on travel co earnings still uncertain and largely speculative - brokerage
** 16 of 39 brokerages rate the stock "buy" or higher, 22 "hold" and two "sell"; their median PT is $335 - data compiled by LSEG
** Up to last close, stock has fallen ~6% this year

 (Reporting by Prathik Jayaprakash in Bengaluru)
 ((Prathik.Jayaprakash@thomsonreuters.com))