Ascendiant Capital lifts PT on online travel platforms

Expeditors International of Washington

29/12/2023 11:17

** Ascendiant Capital Markets lifts price target of online
travel platforms - Booking Holdings  BKNG.O  increased to $3,900
from $3,700 and Expedia Group  EXPE.O  raised to $168 from $133
    ** Brokerage says both companies have recovered from the
negative impact of the pandemic and see increased consumer
confidence and pent-up demand drive a rebound in the travel
industry over the next several years
    ** New PT represents a ~32% upside to EXPE stock's last
close, ~10% upside to BKNG's Thursday close
    ** Twenty-two brokerages rate BKNG's stock "buy" or higher,
ten "hold" and one "sell"; their median PT is $3,580 - LSEG
    ** One of 19 brokerages rate EPPD's stock "strong buy", ten
"hold" and eight "sell" or lower; their median PT is $107
    ** So far this year, BKNG has risen 77% and EXPD has risen
21%

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))