Susquehanna Raises Price Target on Expedia (EXPE) to $166

Susquehanna reiterated a Positive rating on Expedia (NASDAQ: EXPE), and raised the price target to $166.00 (from $160.00), after updating estimates.

Analyst Shyam Patil commented, "For 2016, we are leaving our revenue and EBITDA estimates largely unchanged, but are raising EPS by 1%. For 2017, we are lowering revenue by 1% (higher intercompany revenue for TRVG), and increasing EBITDA by 2% and EPS by 3%. For 2018, we are lowering revenue by 1%, and increasing EBITDA by 3% and EPS by 4%. Note: our estimates for the Core OTA, Egencia, and HomeAway segments are unchanged."

For an analyst ratings summary and ratings history on Expedia click here. For more ratings news on Expedia click here.

Shares of Expedia closed at $116.22 yesterday.

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