Wells Fargo cuts Expedia, Booking Holdings' PTs, cites travel demand uncertainty from Middle East conflict

Expedia

30/06/2026 13:15

** Wells Fargo cuts price targets on Expedia Group EXPE.O and Booking Holdings BKNG.O, citing ongoing economic uncertainty and expected impact of the Middle East conflict on travel demand through the end of the year
** Brokerage lowers its forecasts for EXPE's hotel room nights booked in both the second quarter and the second half of the year
** Wells Fargo expects BKNG to reduce its fiscal 2026 guidance and cut its FY26 EPS estimate by 3%, while leaving FY27 forecasts largely unchanged on expectations of a growth rebound
** As of last close EXPE fell ~7%, BKNG down ~15% YTD
Companies
New PT
Old PT
Expedia 
$303
$307
Booking Holdings 
$214
$215

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)
 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))