An under-the-radar value stock with 21% upside is one of Bank of America's top internet picks

Markets Insider12-19

Bank of America says Expedia is its top internet value stock. The bank hiked its price objective on the stock to $221, implying 21% upsideThe analysts point to improving US travel trends and the ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492175105?lang=en_US&edition=fundamental","thumbnail":"https://images2.markets.businessinsider.com/5718ed0a52bcd025008be0dd?format=jpeg","is_english":true,"pubTime":"2024-12-19 02:35","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2492175105","market":"hk","top_or_hot":-1,"title":"An under-the-radar value stock with 21% upside is one of Bank of America's top internet picks","media":"Markets Insider","content":"<div>\n<p>Bank of America says Expedia is its top internet value stock. The bank hiked its price objective on the stock to $221, implying 21% upsideThe analysts point to improving US travel trends and the ...</p>\n\n<a href=\"https://markets.businessinsider.com/news/stocks/expedia-stock-value-internet-bofa-upside-us-travel-hotels-industry-2024-12\">Source Link</a>\n\n</div>\n","source":"marketsinsider","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>An under-the-radar value stock with 21% upside is one of Bank of America's top internet picks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAn under-the-radar value stock with 21% upside is one of Bank of America's top internet picks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-19 02:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://markets.businessinsider.com/news/stocks/expedia-stock-value-internet-bofa-upside-us-travel-hotels-industry-2024-12><strong>Markets Insider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bank of America says Expedia is its top internet value stock. The bank hiked its price objective on the stock to $221, implying 21% upsideThe analysts point to improving US travel trends and the ...</p>\n\n<a href=\"https://markets.businessinsider.com/news/stocks/expedia-stock-value-internet-bofa-upside-us-travel-hotels-industry-2024-12\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0980610538.SGD","symbol_name":"Natixis Harris Associates US Equity RA SGD-H","start_time":0,"source_url":"https://markets.businessinsider.com/news/stocks/expedia-stock-value-internet-bofa-upside-us-travel-hotels-industry-2024-12","article_id":"2492175105","we_media_id":null,"thumbnails":["https://images2.markets.businessinsider.com/5718ed0a52bcd025008be0dd?format=jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492175105","pubTimestamp":1734546917,"columns":[],"sourceInfo":{"source_id":"marketsinsider","name":"Markets Insider"},"weMediaInfo":null,"summary":"Bank of America says Expedia is its top internet value stock. The bank hiked its price objective on the stock to $221, implying 21% upsideThe analysts point to improving US travel trends and the potential for better management under its new CEO.Bank of America just upgraded an under-the-radar value stock to one of its top internet stocks, forecasting double-digit growth ahead.The bank hiked its price target on Expedia shares to $221, implying 21% upside from current levels amid a slew of factors setting the stage for strong returns in 2025.The analysts, led by Justin Post, first pointed to improving US travel trends. They said spending on lodging has improved in the current quarter, while revenue per available room—a key hotel profitability metric—has surged 3.6% in the US this quarter.","collect":0,"end_time":0,"defaultTopTitle":"businessinsider.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","EXPE":"Expedia","LU2129689514.USD":"FRANKLIN GLOBAL INCOME \"A\" (USD) INC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU0306807586.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" (USD) INC QF","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU2129689431.USD":"FRANKLIN GLOBAL INCOME \"A\" (USD) ACC","BK4553":"喜马拉雅资本持仓","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","BK4534":"瑞士信贷持仓","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","IE00BFMHRM44.USD":"NEUBERGER BERMAN GLOBAL EQUITY MEGATRENDS \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","BAC":"美国银行","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","BK4559":"巴菲特持仓","LU0130518102.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"R\" INC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","BK4588":"碎股","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU1894683264.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) ACC","LU0106831901.USD":"贝莱德世界金融基金A2","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","BK4581":"高盛持仓","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0477156797.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"RE\" (USD) ACC","BK4504":"桥水持仓","LU0971096721.USD":"富达环球金融服务 A","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","BK4142":"酒店、度假村与豪华游轮","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC"},"translate_title":"一只不为人知的价值股，上涨空间21%，是美国银行首选的互联网股票之一","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BAC":1,"EXPE":0.9},"content_text":"Bank of America says Expedia is its top internet value stock. The bank hiked its price objective on the stock to $221, implying 21% upsideThe analysts point to improving US travel trends and the potential for better management under its new CEO.Bank of America just upgraded an under-the-radar value stock to one of its top internet stocks, forecasting double-digit growth ahead.\nAdvertisement\n\nThe bank hiked its price target on Expedia shares to $221, implying 21% upside from current levels amid a slew of factors setting the stage for strong returns in 2025.The analysts, led by Justin Post, first pointed to improving US travel trends. They said spending on lodging has improved in the current quarter, while revenue per available room—a key hotel profitability metric—has surged 3.6% in the US this quarter.\nAdvertisement\n\nThose data points are early signs of a rebound in travel among US consumers, which should only continue as the policy trajectory becomes clearer heading into the new year. \"Overall, 4Q QTD data suggest stable travel activity for the OTAs, and we think improving post-election consumer confidence could lead to a better 2025 for US domestic travel,\" the analysts wrote in a note on Wednesday. The analysts also note a better setup for sales after a tough year for its family of brands. Earlier this year, Expedia's VRBO missed expectations, while Hotels.com saw bookings fall after switching up its loyalty program. Those missteps led Expedia to increase marketing spend and offer discounts, affecting revenue and margins in the third quarter. \nAdvertisement\n\nThe analysts also see potential growth from the company's new management, with CEO Ariane Gorin taking the helm in May. Since then, the company has launched new features to improve its user experience and further built out its ad capabilities, with ad revenue up 32% in the third quarter compared to a year earlier, the analysts say.\"We see room for material advertising revenue take rate benefits ahead as advertising scales,\" the analysts wrote, adding, \"An additional $200mn in Expedia ad growth in 2025 (which could be around 25% y/y) could add $1.00 to EPS.\"Expedia has surged 24% so far this year, with the majority of that growth happening since Gorin became CEO. Gorin previously led Expedia's B2B business, and has been working to rebuild the company's management team with new technology and finance chiefs.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492175105"}