ubs raises price target for expedia despite share price decline

Expedia Group's stock price closed at 145.72 euros on Wednesday, experiencing a decline of 2.58%. Despite this, UBS has increased its price target for the stock from USD 137 to USD 156, indicating a positive outlook while maintaining a neutral assessment of the online travel provider.

Expedia, with a market capitalization of 18.3 billion euros, remains a significant player in the online travel sector. The company's price/earnings ratio (P/E) for 2024 is 13.50, suggesting potential undervaluation. However, investors should consider these figures in the broader industry context and current market conditions.

Recent analyses highlight the need for action among Expedia shareholders, leading to discussions on whether to buy or sell shares at this time. It is advised for investors to stay informed on the latest developments and expert recommendations regarding their positions in the company.

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