Expedia Group Poised for Growth in 2025 Amid 'Early Signs' of US Travel Recovery, BofA Says

MT Newswires Live2024-12-19

Expedia Group (EXPE) is set for growth in 2025, fueled by "early signs" of improving travel trends in the US, BofA Securities said in a report Wednesday.

The brokerage has upgraded Expedia to buy from neutral as data from Revenue per Available Room, or RevPAR, and aggregated credit/debit card spending indicate a recovery in consumer spending within the US travel sector, BofA said.

BofA analysts also expect 10% earnings before interest, taxes, depreciation, and amortization growth and easier comparisons next year, the report said, adding that Expedia's new chief executive is reshaping the company, boosting investor confidence and long-term growth potential.

Expedia's earnings per share is also estimated to see an extra $1, driven by an additional $200 million in Expedia advertising growth in 2025, according to the note.

BofA raised Expedia's price target to $221 from $187.

Shares of Expedia were up 2% in recent Wednesday trading.

Price: 184.32, Change: +3.68, Percent Change: +2.04

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