Stock Track | Expedia Plummets 5.04% Intraday Amid Multiple Analyst Price Target Cuts

Stock Track02-17

Expedia Group's stock plummeted 5.04% during intraday trading on Tuesday, following a series of analyst price target reductions that weighed on investor sentiment.

The decline comes as several Wall Street firms revised their outlooks on the online travel company. DA Davidson lowered its price target to $260 from $294 while maintaining a Neutral rating. Similarly, Susquehanna cut its target to $240 from $265 and kept a Neutral stance. Argus also adjusted its target downward to $250 from $345, though it maintained a Buy rating on the shares.

Other analysts maintained their cautious positions, with Wedbush reiterating a Hold rating and a $260 price target, and BMO Capital maintaining a Market Perform rating. The collective downward revisions from multiple analysts appear to have driven selling pressure during the trading session.

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