Expedia Inc. EXPE was a big mover last session, as the company saw its shares rise over 7% on the day. The upside came after the company’s stock price target was raised by both RBC Capital Markets and Cantor Fitzgerald following the strong travel trends reported for the third quarter. This led to more shares changing hands than in a normal session. This continues the recent uptrend for the company — as the stock is now up almost 16% in the past one-month time frame.
The company has seen 2 positive estimate revisions in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.
Expedia currently has a Zacks Rank #1 (Strong Buy).
Another well-ranked stock in the same space is JD.com, Inc. JD sporting the same Zacks Rank as Expedia.
Is EXPE going up? Or down? Predict to see what others think: Up or Down
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