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Fly News Breaks for January 30, 2020
Jan 30, 2020 | 05:16 EDT
Goldman Sachs analyst Heath Terry downgraded Expedia (EXPE) to Neutral from Buy with a price target of $120, down from $140. The analyst expects continued pressure on the company's advertising returns and believes the window for incremental efficiency as a result of competitor pullbacks has lapped. Further, the customer acquisition environment, particularly search, will continue to evolve in ways that further squeeze online travel agencies, Terry tells investors in a research note. The analyst says the trade-off between growth and margins in online travel continues to deteriorate amid "healthy" consumer and business travel demand, high occupancy rates, "muted" hotel room supply growth relative to occupancy, and growing competition from sources of traffic, particularly Google (GOOG, GOOGL). He remains Sell-rated on TripAdvisor (TRIP) and Neutral-rated on Booking Holdings (BKNG) and Trivago (TRVG).
News For EXPE;TRIP;BKNG;TRVG;GOOG;GOOGL From the Last 2 Days
Apr 20, 2021 | 10:03 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. BUY UBER: Nomura... To see the rest of the story go to See Story Here
Apr 19, 2021 | 07:35 EDT
Canaccord analyst Maria Ripps raised the firm's price target on Alphabet Class A to $2600 from $2400 and keeps a Buy rating on the shares. The analyst noted strength form YouTube helped offset its Search advertising softness last year, and she expects continued momentum from YouTube and a steady recovery from Search to drive an acceleration of its ad revenue growth in 2021.
Apr 19, 2021 | 07:33 EDT
JPMorgan analyst Doug Anmuth raised the firm's price target on Alphabet to $2,575 from $2,390 and keeps an Overweight rating on the shares. Even with the stock up 30% year-to-date, Alphabet remains one of the analyst's best ideas. Anmuth remains positive on the company's "improving top and bottom line trajectory and potential for bigger capital returns." He updated his sum-of-the-parts valuation, which suggests a market cap approaching $2 trillion, or $2,857 per share, 25% above where shares currently trade.