Morgan Stanley raises Expedia stock price target on earnings beat
Morgan Stanley raised its price target for Expedia (NASDAQ:EXPE) shares to $290 from $270, maintaining an Equalweight rating, following strong fourth-quarter earnings and improved guidance. The firm increased its 2027 bookings forecast by 4% and EBITDA projection by 15%, anticipating a 20% upside potential for the stock. Despite this, Morgan Stanley still favors Booking Holdings within the online travel sector, seeing higher upside there.
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