Benchmarkanalyst Daniel Kurnos reiteratedExpedia Group(NASDAQ:EXPE) with a Buy and a $180 price target.

Expedia reported first-quarter sales of $2.89 billion, up by 8.4% year-on-year, beating the analyst consensus estimate of $2.81 billion. EPS loss of $(0.21) beat the analyst consensus estimate of loss of $(0.24).

Kurnos noted that Expedia didn't benefit from having a better gross bookings outlook for the year compared toBooking Holdings Inc(NASDAQ:BKNG). Instead, it faced a softer start in 2024 for Vrbo and slower-than-expected growth in its core B2C, leading to an immediate reduction in fiscal 2024 guidance.

Also Read: Airbnb Faces Growth...