Expedia Shares Rise After Q4 Results, HSBC Upgrade

MT Newswires Live

02-08

Expedia Group (EXPE) shares were up more than 17% in recent Friday trading following its Q4 results that led HSBC to upgrade its rating and some other analysts to raise their price targets.

HSBC upgraded the company's stock to buy from hold and boosted its price target to $215 from $195.

Separately, B. Riley increased its price target to $235 from $220 while reaffirming its buy rating. DA Davidson also raised its price target to $205 from $190.

Trading volume stood at over 5.7 million shares against a daily average of roughly 1.5 million.

Late Thursday, the US travel technology company posted better-than-expected Q4 results and reinstated its quarterly dividend.

Price: 203.08, Change: +30.51, Percent Change: +17.68

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