Analyst Says Expedia Stock is ‘Darn Cheap’

Group 1 - Mark Mahaney, head of internet research at Evercore ISI, identifies Expedia (EXPE) as a top investment pick due to its cheap valuation, trading at 13-14 times earnings, which is below market multiples [1] - The new management at Expedia is expected to improve execution, potentially leading to growth rates that converge with industry leaders like Booking and Airbnb [1] - If the growth and valuation convergence continues, it is anticipated that being long on Expedia will be a beneficial investment strategy [1]