Citizens Keeps Market Perform on Expedia Amid Strong Execution and AI Concerns
Citizens reiterated its Market Perform rating on Expedia (EXPE) in a research note released Wednesday, pointing to improved execution across strategic priorities, growth in B2B and advertising, and margin gains in B2C. The firm values Expedia at $28.73 billion and views the shares as fairly valued at 7.4x 2027E EBITDA. While commending advances suc…