Do Analysts Think Expedia Group Inc (EXPE) Is Still Worth Buying In 2024?

Expedia Group Inc (NASDAQ:EXPE) does about 2.35M shares in volume on a normal day but saw 1439932 shares change hands in Monday trading. The company now has a market cap of 16.62B USD. Its current market price is $125.50, marking an increase of 1.53% compared to the previous close of $123.61. The 52 week high reached by this stock is $160.05 whilst the lowest price level in 52 weeks is $92.48.

Expedia Group Inc (EXPE) has a 20-day trading average at $124.91 and the current price is -21.59% off the 52-week high compared with 35.71% distance from its 52-week low. The 50-day simple moving average of the closing price is $120.48 and its 200-day simple moving average is $127.93. If we look at the stock’s price movements over the week, volatility stands at 2.10%, which increases to 2.35% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 56.11 to suggest the stock is neutral.

The consensus objective for the share price is $145.14, suggesting that the stock has a potential upside of 13.53% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 03, 2024 when Piper Sandler downgraded the stock to “Neutral” and issued a price target of between $175 and $145. BMO Capital Markets also downgraded the stock to “Market Perform” from Outperform on May 03, 2024 at a price target of $165-$145. BofA Securities downgraded its price target at $156.

Expedia Group Inc (EXPE) stock is down -0.39% over the week and 8.79% over the past month. Its price is -17.32% year-to-date and 15.14% over the past year.

To reach the target analysts have set, the stock logically needs to grow 13.53 percent from here.

The company has a return on investment of 10.84% and return on equity of 59.29%. The price to earnings ratio (P/E ratio) amounts to 23.55 while the forward price to earnings ratio is 8.59. The beta has a value of 1.78. Price to book ratio is 18.83 and price to sales ratio is 1.27.