Expedia Group Inc (Symbol: EXPE) has recently seen its stock price surpass the average analyst forecast of $177.91, trading at $179.10 per share. When a stock hits the target set by analysts, they typically consider two options: they can either downgrade their valuation or raise their target price. The choice often hinges on the company’s business performance. If things are looking promising for Expedia, it may be time for an upward adjustment of the target price.
Within Zacks’ coverage, there are 32 different analyst targets contributing to Expedia’s average. However, this number is just a simple average. Some analysts maintain lower targets, like one who has set a price of $135.00, while another anticipates a peak of $220.00. The standard deviation among these targets stands at $22.918.
The reason investors focus on this average target price is to utilize a “wisdom of the crowds” approach, combining various expert opinions rather than relying on a single analyst’s view. As EXPE trades above the average target of $177.91, this prompts investors to reevaluate the stock. They must decide whether $177.91 is merely a brief stop before reaching a higher price or if it’s time to consider cashing out. Below is a breakdown of current analyst opinions on Expedia Group Inc:
| Recent EXPE Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 7 | 8 | 9 | 9 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 23 | 22 | 21 | 19 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.52 | 2.45 | 2.39 | 2.34 |
The average rating shown above ranges from 1 to 5, with 1 representing Strong Buy and 5 representing Strong Sell. This report used data provided by Zacks Investment Research through Quandl.com. Access the latest Zacks research report on EXPE — FREE.
The Top 25 Broker Analyst Picks of the S&P 500 »
Also see:
ZION Stock Predictions
Institutional Holders of AVOL
Institutional Holders of CTRV
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
