Mizuho raised its price target on Expedia Group Inc. (NASDAQ: EXPE) to $270 from $240 while maintaining a Neutral rating, following the company’s better-than-expected third-quarter results and upbeat guidance.
The firm said Expedia delivered solid performance across both its consumer and business segments, noting that gross bookings value (GBV) growth accelerated from 1% in the second quarter to 6.6% in the third for B2C, and from 17% to 26% for B2B.
Mizuho said it was encouraged by management’s improved outlook for fourth-quarter and 2025 margins, projecting approximately two percentage points of EBITDA margin expansion this year and further improvement in 2026.
While the analysts acknowledged the company’s progress and strong fundamentals, they said the recent rally in shares had balanced the risk-reward profile, warranting a neutral stance despite continued growth prospects.
