Expedia’s Price Target Raised to $255 While Shares Slide 25.4%
BMO Capital kept its Market Perform rating on Expedia and raised its price target from $250 to $255 as short interest climbed 22.8% to 7.5 million shares (6.7% of float). Shares have plunged 25.4% over four weeks to $212.67, prompting analysts to lift earnings forecasts and anticipate a trend reversal.
1. BMO Capital Rating and Target Increase
Expedia retained a Market Perform rating as its price target was increased from $250 to $255, reflecting moderate confidence in the company’s growth prospects without signaling significant outperformance.
2. Rising Short Interest
Short interest in Expedia surged 22.8% to 7.5 million shares, representing 6.7% of the float, indicating heightened bearish bets and a days-to-cover ratio near four days.
3. Four-Week Share Performance
Over the past month, Expedia’s shares dropped 25.4% to $212.67, trading between $203.93 and $218.92 intraday, reflecting intensified selling pressure and market volatility.
4. Analyst Upgrades and Technical Signals
Following the decline, analysts have raised earnings estimates and price targets—Jefferies to $285 and HSBC to $387—while technical indicators classify the stock as oversold, suggesting a potential rebound.