Morgan Stanley Maintains Equal-Weight Rating for Expedia Group: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Equal-Weight rating on Expedia Group (NASDAQ:EXPE) and increased its price target from $130.00 to $135.00. Expedia's shares have risen 2.59% in the last 24 hours to $121.55. The new price target suggests an 11.07% upside potential. Expedia is a major online travel agency with various branded sites and primarily earns through transaction fees for online bookings.
November 14, 2023 | 5:00 pm
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Morgan Stanley reaffirms Equal-Weight rating on Expedia Group with a raised price target of $135, indicating a potential 11.07% increase from the current price.
The maintained Equal-Weight rating suggests Morgan Stanley's neutral stance on Expedia's stock, but the increased price target could be seen as a positive signal, potentially leading to short-term bullish sentiment among investors.
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