Expedia's Turning Point? BofA Sees Upside With VRBO Gains And Post-Election Boost
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BofA Securities analyst Justin Post upgraded Expedia to Buy and raised the price target, citing potential improvements in 2025 due to better positioning at VRBO and Hotels.com. Despite challenges in B2C nights growth and revenues, early signs of improvement in U.S. bookings and consumer sentiment post-election could support 10% EBITDA growth. The analyst notes that a new management team may reignite investor interest. Expedia shares rose 2.73% recently, and investors can gain exposure through related ETFs.
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